Rigetti Computing's Trading Volume Drops 54% Despite Quantum Computing Milestones

On July 17, 2025, Rigetti Computing (RGTI) saw a trading volume of $137 million, marking a 54.01% decrease from the previous day. The stock price rose by 3.50%, marking the second consecutive day of gains, with a total increase of 34.75% over the past two days.

Rigetti Computing has made significant strides in quantum computing technology. The company has developed the industry's first multi-chip quantum processor, designed for scalable quantum computing systems. This achievement is part of Rigetti's ongoing efforts to advance quantum computing capabilities.

Rigetti's latest milestone involves a 36-qubit quantum computer system, which has achieved a 99.5% median two-qubit gate fidelity. This represents a twofold reduction in error rates compared to the previous 84-qubit Ankaa-3 system. The new system is composed of four 9-qubit chips, showcasing Rigetti's proprietary 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.

Rigetti's superconducting qubits offer gate speeds that are 1,000 times faster than competing technologies like ion trap and pure atoms, while maintaining scalability advantages. The company leverages well-known techniques from the semiconductor industry to develop proprietary technology that is critical for scaling to higher qubit count systems. Rigetti's CEO, Dr. Subodh Kulkarni, highlighted the company's commitment to advancing quantum computing and its plans to share more updates when the second-quarter operating results are released.