Rigetti Computing (RGTI) Surges 20% Intraday: What’s Fueling This Quantum Leap?

Summary
• Rigetti Computing (RGTI) surges 20.1958% to $52.79, hitting a 52-week high of $53.97
• $5.7 million in new purchase orders and a $5.8 million Air Force contract drive momentum
• Turnover spikes to 137.8 million shares, with 43.46% of float traded

Rigetti Computing’s stock has erupted in late October 2025, surging over 20% intraday amid a flurry of contract wins and strategic partnerships. The quantum computing pioneer’s shares have shattered previous resistance levels, trading near all-time highs as institutional and retail investors alike chase the next tech revolution. With a price-to-book ratio of 25.7x and a 52-week high within reach, the question looms: is this a sustainable breakout or a speculative frenzy?

Quantum Contracts and Strategic Alliances Ignite Rigetti’s Rally
Rigetti’s 20% intraday surge is directly tied to a $5.7 million order for 9-qubit Novera systems and a $5.8 million Air Force Research Lab contract for quantum networking. These deals, coupled with a $350 million equity raise in Q2 2025, have positioned Rigetti as a leader in quantum infrastructure. The company’s partnerships with Quanta Computer, India’s C-DAC, and QphoX for hybrid quantum-classical systems further validate its roadmap. Analysts highlight that these contracts represent 72% of Rigetti’s annual revenue run-rate, signaling growing commercial traction in a nascent sector.

Quantum Computing Sector Outperforms Tech Peers as Rigetti Leads
The quantum computing sector has outperformed broader tech indices in 2025, with Rigetti Computing (RGTI) surging 5,280% year-to-date versus IBM’s -0.3959% intraday decline. While IBM struggles with AI-driven stock volatility, Rigetti’s focus on hardware sales and government contracts has insulated it from sector-wide headwinds. The company’s 36-qubit Cepheus-1-36Q launch and 99.5% gate fidelity advancements have created a unique value proposition, distancing it from peers like IonQ and D-Wave.

Options and ETFs to Capitalize on Rigetti’s Quantum Momentum
• 200-day average: 14.2677 (far below) • RSI: 77.58 (overbought) • MACD: 6.67 (bullish divergence) • Bollinger Bands: Price at 49.24 (upper band) • Turnover Rate: 43.46% (high liquidity)

Rigetti’s technicals suggest a continuation of its bullish trend, with key resistance at $53.97 (52-week high) and support at $46.38 (intraday low). The stock’s 77.58 RSI and 6.67 MACD signal overbought momentum, but high turnover and elevated implied volatility (161.42–175.54%) suggest sustained demand. For leveraged exposure, consider the following options:

1. RGTI20251017C55 (Call Option)
• Strike Price: $55 • Expiration: 2025-10-17 • IV: 170.73% • Leverage Ratio: 15.76% • Delta: 0.465 • Theta: -0.5928 • Gamma: 0.0375 • Turnover: 3,042,948
• IV (high volatility) • Leverage (amplifies gains) • Delta (moderate sensitivity) • Theta (rapid time decay) • Gamma (price sensitivity) • Turnover (high liquidity)
This call option offers 15.76% leverage and a 170.73% IV, ideal for a 5% upside scenario. Projected payoff: max(0, 55.38 - 55) = $0.38 per contract. Aggressive bulls should target a $55.38 breakout.

2. RGTI20251024C50 (Call Option)
• Strike Price: $50 • Expiration: 2025-10-24 • IV: 151.35% • Leverage Ratio: 7.30% • Delta: 0.637 • Theta: -0.3165 • Gamma: 0.0258 • Turnover: 867,468
• IV (moderate volatility) • Leverage (modest amplification) • Delta (high sensitivity) • Theta (slow decay) • Gamma (moderate sensitivity) • Turnover (solid liquidity)
This option balances delta (0.637) and IV (151.35%) for a safer play. Projected payoff: max(0, 55.38 - 50) = $5.38 per contract. Conservative traders may use this for a $50–$55 range trade.

Action Insight: Aggressive bulls should target RGTI20251017C55 for a $55.38 breakout. Conservative traders may use RGTI20251024C50 for a $50–$55 range trade.

Backtest Rigetti Computing Stock Performance
Below is an interactive module that visualises the back-test you requested. Open it to examine the full statistics, equity curve and trade list.Key take-away: over 2022-01-01 – 2025-10-13 this simple “RSI-oversold, hold 1 day” rule did not add value to NVDA; the equity curve shows mild but persistent under-performance with a negative risk-adjusted return. You may consider adding filters (e.g., trend regime) or dynamic holding periods to improve robustness.

Quantum Momentum Unstoppable—Act Now Before the Bubble Bursts
Rigetti’s 20% intraday surge reflects a perfect storm of contract wins, strategic partnerships, and speculative fervor. While the stock’s 25.7x price-to-book ratio and 981x price-to-sales multiple suggest overvaluation, its 52-week high of $53.97 is within striking distance. Investors should monitor IBM’s -0.3959% intraday decline as a sector benchmark. For those willing to ride the wave, RGTI20251017C55 offers high leverage for a $55.38 breakout. However, a pullback to $46.38 support could trigger a reevaluation of fundamentals. Act now: Buy RGTI20251017C55 if $55.38 breaks, or short-term traders should watch for a $53.97 52-week high test.