Rigetti Computing's stock soared 5.05% during intraday trading on Thursday, extending gains from pre-market sessions.
The rally was driven by NVIDIA's announcement of its open-source quantum AI model family "Ising," which targets critical bottlenecks in quantum computing—processor calibration and error correction. This development catalyzed broad gains across the quantum computing sector.
Additionally, Rigetti attracted investor attention with the launch of its new 108-qubit Cepheus-1-108Q quantum computing system and a substantial $8.4 million contract with India's Centre for Development of Advanced Computing.