Rigetti Computing, Inc. (NASDAQ:RGTI) is a pioneer in the field of quantum computing, founded in 2013 by physicist and entrepreneur Chad Rigetti with the vision of building scalable quantum systems that can solve problems beyond the reach of classical computers. Headquartered in Berkeley, California, the company has focused on developing superconducting qubits and proprietary modular architectures that leverage advanced semiconductor manufacturing techniques. Unlike many competitors that rely on alternative modalities such as ion traps or neutral atoms, Rigetti’s strategy has centered on superconducting qubits due to their proven advantages in speed and scalability, allowing the company to push forward in the race toward quantum advantage.

From its earliest days, Rigetti Computing distinguished itself by building not only quantum processors but also the cloud infrastructure that makes them accessible. Through the launch of its Forest platform in 2017 and subsequent upgrades, Rigetti became one of the first companies to provide quantum computing capabilities over the cloud, enabling researchers, enterprises, and academic institutions worldwide to experiment with quantum algorithms. This focus on hybrid quantum-classical systems positioned Rigetti as a key enabler for future applications across industries including drug discovery, optimization, finance, and logistics.

Over the years, the company has expanded its research and development efforts to pursue modular chiplet technology, which allows multiple smaller quantum chips to be tiled together into larger, more powerful systems. This approach directly addresses one of the industry’s greatest challenges: scaling up qubit counts without sacrificing fidelity or increasing error rates. Rigetti’s roadmap highlights its confidence in this modular strategy, with milestones that include the launch of a 36-qubit system and the development of a 100+ qubit chiplet-based system designed to achieve high performance with 99.5 percent median two-qubit gate fidelity.

Rigetti’s leadership team has consistently emphasized the importance of superconducting qubits as a platform for building practical, scalable quantum systems. By achieving gate speeds over 1,000 times faster than competing modalities, Rigetti’s technology offers significant advantages for future large-scale deployment. These advances have attracted partnerships with government agencies, research centers, and global enterprises, positioning the company as a trusted collaborator in the broader quantum ecosystem.

As a publicly traded company, Rigetti Computing provides investors with one of the few pure-play opportunities to gain exposure to the rapidly growing quantum computing industry. Its combination of technical milestones, strategic partnerships, and modular architecture strategy has reinforced its standing as a leader in the field. While the path to full commercialization of quantum computing remains challenging, Rigetti has consistently demonstrated progress that aligns with its founding mission: to unlock the transformative potential of quantum technology and deliver solutions that address some of the world’s most complex computational problems.

Rigetti Computing Surges on Breakthrough Quantum Milestone

Rigetti Computing, Inc. (NASDAQ: RGTI) has captured market attention once again after its stock price surged by 30.19 percent on Wednesday, closing at $16.56 per share. The rally came as investors cheered the company’s announcement of a major technical milestone that cut its error rate in half compared to its prior record. This achievement, centered on Rigetti’s modular 36-qubit system, highlights the company’s accelerating progress in quantum computing hardware and strengthens the bullish case for long-term investors.

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A Quantum Leap: 99.5% Two-Qubit Gate Fidelity

In its latest statement, Rigetti revealed that its modular 36-qubit system achieved a 99.5 percent median two-qubit gate fidelity, a critical measure of reliability in quantum computing. This represented a twofold reduction in the error rate compared to results from its earlier 84-qubit single-chip Ankaa-3 system. For investors, this milestone signals that Rigetti is solving one of the most persistent challenges in quantum computing—improving accuracy to make quantum systems commercially viable.

The 36-qubit system is composed of four 9-qubit chips tiled together, based on Rigetti’s proprietary modular chip technology. This modular approach not only validates the scalability of Rigetti’s architecture but also sets the stage for larger, more powerful systems that can compete in the race to quantum advantage.

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Roadmap to 100+ Qubit Systems

Rigetti’s achievement with its 36-qubit system is just the beginning of a more ambitious roadmap. The company plans to formally launch this system on August 15 and remains on track to release its 100+ qubit chiplet-based system before the end of the year. Critically, this larger system is also expected to deliver 99.5 percent median two-qubit gate fidelity, extending the performance milestone achieved with the smaller prototype.

The roadmap underscores Rigetti’s confidence in its modular architecture and its ability to scale qubit counts while maintaining fidelity improvements. Achieving high performance at scale is essential for unlocking practical applications in quantum computing, from drug discovery and materials science to optimization problems in finance and logistics.

Advantages of Superconducting Qubits

Rigetti’s CEO, Subodh Kulkarni, emphasized the advantages of the company’s chosen technology. According to Kulkarni, Rigetti benefits from superconducting qubits that deliver gate speeds more than 1,000 times faster than competing modalities like ion traps or neutral atoms. These speed advantages, combined with scalability using semiconductor industry techniques, allow Rigetti to pursue rapid advancements in quantum hardware development. Proprietary technology designed specifically for modular scaling is what management believes will be critical to reaching higher qubit count systems that deliver meaningful computational breakthroughs.

Market Reaction and Investor Confidence

The market has responded strongly to Rigetti’s progress, with Wednesday’s 30 percent share price surge reflecting renewed investor confidence in the company’s ability to execute on its roadmap. The rally places Rigetti in the spotlight as one of the most promising publicly traded pure-play quantum computing companies. While revenues remain limited and the industry is still in its early stages, milestones like these reassure investors that Rigetti is not only advancing technologically but also positioning itself to capture a leadership role in the quantum revolution.

Why Rigetti Represents a Bullish Opportunity

The bullish thesis for Rigetti Computing rests on three pillars: breakthrough hardware performance, scalability through modular chip technology, and clear roadmap execution. The 99.5 percent fidelity milestone demonstrates that Rigetti is overcoming one of the biggest barriers to commercialization. The launch of its 36-qubit system and the anticipated release of a 100+ qubit system by year-end highlight its aggressive trajectory. Finally, the company’s leadership, leveraging superconducting qubit advantages, continues to validate its approach in a crowded and competitive industry.

For investors, Rigetti remains a high-risk, high-reward opportunity, but its recent technical successes mark a turning point. If the company continues to meet or exceed milestones, the long-term upside could be substantial, especially as governments and enterprises accelerate investments in quantum infrastructure. Rigetti Computing has positioned itself as one of the purest public market plays on the future of quantum computing, and its recent surge is a testament to the growing belief that it is finally on the cusp of delivering meaningful breakthroughs.

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