Quantum Computing Stocks Soar Amid Potential Breakthroughs

NEW YORK, NY — A small group of quantum computing stocks has surged in value, drawing the attention of investors worldwide. Among these, Rigetti Computing has made headlines with an astonishing 3,700% rise in its stock price over the past year.

As of October 2, 2025, Rigetti’s market capitalization reached $10 billion, and the stock price stood at $34.42 after a significant gain of 15.31%. Billionaire investors have recently shown strong interest in Rigetti, which many believe may revolutionize computing.

Quantum computers harness the power of quantum bits, or qubits, which differ from traditional bits by representing values between binary zeroes and ones. Experts argue that this makes quantum systems more adept at solving complex problems, particularly in areas like medical research and financial modeling.

Recent advancements have put Rigetti at the forefront of this technology. In July, the company reported a median 2-qubit gate fidelity of 99.5% in its 36-qubit system. The firm aims to release a 100-qubit system with similar performance by the end of 2025.

The government also appears to be supportive of quantum commercialization. The Air Force Research Laboratory recently gave Rigetti a $5.8 million contract for developing a superconducting quantum network, which promises to enhance data transfer within quantum computing systems.

Craig Ellis, an analyst at B. Riley Financial, reaffirmed his buy rating on Rigetti. He raised the price target to a Wall Street high of $35 and noted a shift in focus at the Department of Energy‘s National Laboratories toward quantum technology with concrete business applications.

Despite growing optimism, investors are cautioned against following hedge fund strategies blindly. Trades made by hedge funds may be based on short-term goals, which often misalign with long-term investment strategies.

Although Rigetti’s technology is promising, it is still early in its development and carries risks. Currently trading with a significant market cap, the company is just beginning to break even and may face several challenges before achieving widespread commercial success.

If Rigetti successfully commercializes its quantum computers as anticipated, it may see substantial gains. Nevertheless, the inherent complexities and costs associated with quantum technology could lead to volatility, suggesting investors might consider cautious engagement with the stock.