Rigetti (RGTI) Soars 9% on AI Frenzy

We recently published 10 Big Names With Whopping Gains; 6 Jump All-Time Highs. Rigetti Computing Inc. (NASDAQ:RGTI) is one of the best performers on Thursday.

Rigetti Computing saw its share prices increase by 8.98 percent on Thursday to close at $47.11 apiece as investors chased technology stocks in a bid to position themselves in the booming AI sector, shunning concerns about a quantum computing bubble.

Investor optimism followed announcements last week that Rigetti Computing Inc. (NASDAQ:RGTI) bagged new $5.7 million worth of new orders from two companies for its 9-qubit Novera computing system.

One of the clients, based in Asia, would 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 other client, a startup from California, would utilize the product for quantum hardware and error correction research.

Rigetti Computing Inc. (NASDAQ:RGTI) said it targets the delivery of the orders in the first half of 2026.

According to Rigetti Computing Inc. (NASDAQ:RGTI), 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.

While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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