Rigetti Computing (RGTI) is experiencing quite a massive breakout today, July 17. The stock has risen 30% amid a mostly flat S&P 500 and Nasdaq Composite. The rally follows the company’s recent announcement of a monumental achievement in quantum computing.

What’s Pushing RGTI’s Price, And Should You Buy?

computers connected together
Source: Pixabay

Rigetti Computing hit a 99.5% median two-qubit gate fidelity on its modular 36-qubit system. The figure highlights a substantial increase from its previous 84-qubit system. The firm’s novel system is set to debut on Aug. 15, 2025. Investors seem to be betting big on the product launch.

RGTI’s rally may continue over the coming weeks. Quantum computing and AI are at the forefront of modern technology. Nvidia became the world’s most valuable company in June 2025, de-throning Microsoft in the process. The company’s sudden surge over the last year is attributed to advancements in AI processing chips. The trend of AI and quantum computing companies dominating the charts may continue as we make more advancements into the digital realm.

There is also a possibility that Rigetti Computing (RGTI) will face a correction before or after its upcoming launch. The announcement focuses mostly on future performance milestones. This aspect of the launch brings a lot of uncertainty. The company also operates in a highly volatile sector, which could impact future success. Current success stories are too few, and investors may lose confidence.

Also Read: Nvidia (NVDA) is the First Ever $4 Trillion Market Cap Company

According to a Nasdaq summary, Rigetti Computing insiders have sold RGTI stock 11 times in the last six months. The company’s CEO and President, Subodh K Kulkarni, sold 1 million shares for about $12 million. CTO David Rivas has sold about $5.7 million worth of shares, and CFO Jeffrey A. Bertelsen has sold about $2.6 million worth of shares.

How Rigetti Computing (RGTI) performs after the launch is yet to be seen. If the product launch is as successful as the company hopes, we could see the emergence of a new super tech company.

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