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Rigetti Stock Soars 595% Amid DARPA Contract Hopes

2/23/2025

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Summary

Story summary

Rigetti Computing's stock skyrocketed by an astonishing 595% in the past year, fueled by excitement over a potential $300 million DARPA contract and breakthroughs in quantum technology. Although Q3 2024 saw a 23% dip in revenue to $2.4 million, analysts are optimistic, forecasting robust growth as Rigetti targets a 36-qubit system by mid-2025.

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Story summary

Rigetti Computing's stock skyrocketed by an astonishing 595% in the past year, fueled by excitement over a potential $300 million DARPA contract and breakthroughs in quantum technology. Although Q3 2024 saw a 23% dip in revenue to $2.4 million, analysts are optimistic, forecasting robust growth as Rigetti targets a 36-qubit system by mid-2025.