Rigetti Computing Reaches Milestone, Advancing Quantum Computing Towards Profitability

Rigetti Computing has achieved a milestone in reaching 99.5% median two-qubit gate fidelity, a key performance metric for quantum computing systems. This milestone brings Rigetti closer to achieving profitability, and its stock surged during trading. The Berkeley-based company's achievement is a significant step forward in developing practical and commercially viable quantum computing technology.

Rigetti Computing has announced a significant milestone in quantum computing, achieving 99.5% median two-qubit gate fidelity with its new modular 36-qubit system. This achievement, set to be launched on August 15, 2025, marks a twofold improvement over the company's previous 84-qubit system. The 36-qubit system, composed of four 9-qubit chiplets, is a stepping stone towards developing a 100+ qubit chiplet-based system, also aimed for release before the end of 2025.

Rigetti's proprietary modular chip technology allows for faster gate speeds and scalable systems, leveraging the advantages of superconducting qubits. The company's CEO, Dr. Subodh Kulkarni, highlighted that superconducting qubits offer gate speeds over 1,000x faster than other modalities like ion traps and pure atoms. This advancement positions Rigetti as a leader in the quantum computing space, enhancing its competitive edge.

The company's stock surged during trading following the announcement, reflecting investor confidence in Rigetti's progress and potential. Rigetti continues to innovate and holds a strong position in the market with its full-stack quantum computing solutions. The company's ability to achieve such a significant performance milestone indicates substantial improvement in quantum computing capabilities.

However, the focus on future performance milestones introduces uncertainty and may raise concerns about the company's ability to meet these expectations. The reliance on forward-looking statements suggests a lack of confirmation on the achievements presented, which may affect investor confidence. The company operates in a highly volatile environment, and technological advancements, government contracts, and other factors could significantly impact its future success.

Rigetti's latest achievement is a significant step forward in developing practical and commercially viable quantum computing technology. The company's proprietary technology and modular chip design pave the way for building larger and more powerful quantum computers, potentially attracting more clients and partners in the quantum computing ecosystem.

References:
[1] https://www.nasdaq.com/articles/rigetti-computing-achieves-995-two-qubit-gate-fidelity-milestone-new-36-qubit-system