Rigetti Computing Surges to 26th in Daily Rankings with $29.56 Billion Turnover

On July 16, 2025, Rigetti Computing (RGTI) experienced a significant surge in trading volume, with a turnover of $29.56 billion, marking a 927.88% increase from the previous day. This substantial rise placed Rigetti at the 26th position in the daily stock market rankings, with its stock price soaring by 30.19%.

Rigetti Computing has made a significant breakthrough in quantum computing technology. The company has successfully implemented CZ gates, which are essential for executing quantum circuits and offer computational power equivalent to iSWAP gates. This advancement is part of Rigetti's proprietary quantum-classical infrastructure, which provides high-performance integration with both public and private clouds, facilitating practical quantum computing applications.

Rigetti's latest achievement includes a 36-qubit quantum computer system that demonstrates a 99.5% median two-qubit gate fidelity. This represents a 50% reduction in error rate compared to its previous 84-qubit Ankaa-3 system. The new system utilizes four 9-qubit chips tiled together, showcasing Rigetti's modular chip technology. The company plans to launch this 36-qubit system on August 15, 2025, and aims to release a 100+ qubit chiplet-based system with 99.5% fidelity by the end of the year.

CEO Dr. Subodh Kulkarni highlighted that Rigetti's superconducting qubits offer gate speeds 1,000 times faster than competing technologies like ion trap and pure atoms, while maintaining scalability advantages. This technological edge positions Rigetti at the forefront of the quantum computing industry, with a clear path to scaling higher qubit count systems.