Rigetti Computing Surges 7.73% on $1.25 Billion Volume Ranks 54th in Market Activity as Quantum Breakthroughs and Air Force Contract Drive Momentum

On August 28, 2025, Rigetti Computing (RGTI) surged 7.73% with a trading volume of $1.25 billion, marking an 81.66% increase from the previous day and ranking 54th in market activity. Recent developments include a strategic collaboration with Montana State University to launch QCORE, a quantum research initiative, and the general availability of Rigetti’s 36-qubit modular quantum computer. The company also secured a five-year contract with the Air Force Research Lab for quantum foundry services, signaling growing institutional interest in its technology.

Analyst sentiment remains mixed. While some firms upgraded Rigetti to “Buy” following improved technical milestones, others maintained “Sell” ratings, citing unprofitable operations and distant commercialization timelines. Q2 earnings revealed revenue below estimates, with a $1.8 million shortfall and an adjusted loss of $0.13 per share. However, the CEO emphasized confidence in long-term goals, including a 100+ qubit system by year-end. Institutional activity, such as CIBC’s purchase of 80,000 shares, contrasts with short interest declines, suggesting evolving market positioning.

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