Rigetti Computing (RGTI) Surges to New High on New Million-Dollar Novera System Orders

We recently published 10 Stocks With Double-Digit Upsides. Rigetti Computing Inc. (NASDAQ:RGTI) is one of the top performers on Thursday.

Rigetti Computing soared to a fresh record high on Thursday, as investors continued to load up portfolios after securing $5.7 million worth of new orders for its Novera quantum computing system.

In a statement, Rigetti Computing Inc. (NASDAQ:RGTI) said that an Asian technology manufacturing company and a California-based applied physics and artificial intelligence startup placed orders for its 9-qubit Novera system—a new upgradeable quantum computer capable of solving complex computations and research. Delivery is targeted for the first half of 2026.

According to Rigetti Computing Inc. (NASDAQ:RGTI), the Asian firm will leverage the system as a testbed to develop its own internal quantum computing expertise, while making it a benchmark to validate its own quantum computing technologies.

Meanwhile, the California startup would utilize the product for quantum hardware and error correction research.

Rigetti Computing Inc. (NASDAQ:RGTI) said the Novera quantum computing system is ideal for pursuing research to better understand key areas of quantum computing, including how qubits operate, optimizing control systems, testing design and characterizing gates, mitigating decoherence, and developing more efficient quantum algorithms.

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Disclosure: None. This article is originally published at Insider Monkey.