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Quantum Computing Shakeup: Why Rigetti's Stock Stumbled this Week

Summary by elblog.pl

Wall Street experienced mixed results this week, with the S&P 500 seeing slight gains, and the Dow Jones and Nasdaq remaining steady. Rigetti Computing, Inc. (NASDAQ:RGTI) shares dropped nearly 11% due to competitive advancements from Chinese quantum computing firms. Reports of a 72-qubit breakthrough by Origin Quantum Computing significantly impacted Rigetti and similar companies. Rigetti aims to launch a 36-qubit system by mid-2025 and a 100+ …

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Rigetti Computing (RGTI) Stock Takes a Hit: Quantum Computing Race Heats Up

TLDR: Rigetti Computing (RGTI) stock dropped 10.92% to $10.52 on Tuesday following news about Chinese competitor Origin Quantum’s 72-qubit prototype Origin Quantum reported over 20 million remote visits to their prototype quantum computer, causing concern among investors RGTI currently has an 84-qubit Ankaa-3 system and plans to release a 36-qubit system by mid-2025, followed by [...] The post Rigetti Computing (RGTI) Stock Takes a Hit: Quantum …

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