Rigetti Computing (RGTI) Jumps to New High on Growing Optimism for Quantum Computers

We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the top performers on Friday.

Rigetti Computing rallied to a new all-time high on Friday, as investors poured funds into quantum computing stocks amid strengthening optimism for the industry, as evidenced by million-dollar investments and positive comments from key technology leaders.

In intra-day trading, Rigetti Computing, Inc. (NASDAQ:RGTI) soared to its highest 52-week price of $40.63, before trimming gains to end the day just up by 13.16 percent at $40.06.

This followed announcements on Thursday that it secured $5.7-million worth of new orders for its 9-qubit Novera computing system from two unnamed companies—one from Asia, and one from California—with delivery targeted in 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.