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Rigetti Computing Aims for Quantum Leap with 36-Qubit Chips

2/13/2025

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Summary

Story summary

Rigetti Computing is making waves in quantum computing with its impressive 9-qubit chips and ambitious plans for a 36-qubit system by mid-2025. With strategic partnerships and a potential $300 million DARPA contract on the horizon, analysts are optimistic, projecting a stock price target of $15 as Rigetti positions itself for success in this groundbreaking field.

History

Historical Context

Rigetti Computing's advancements in quantum computing echo the early 2000s tech boom when companies like Google and IBM began investing heavily in emerging technologies. Founded in 2013, Rigetti has rapidly progressed from three-qubit chips to ambitious plans for a 36-qubit system. This mirrors the competitive landscape of the 1990s dot-com era, where innovation and strategic partnerships were crucial for success.

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Story summary

Rigetti Computing is making waves in quantum computing with its impressive 9-qubit chips and ambitious plans for a 36-qubit system by mid-2025. With strategic partnerships and a potential $300 million DARPA contract on the horizon, analysts are optimistic, projecting a stock price target of $15 as Rigetti positions itself for success in this groundbreaking field.

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