Why Rigetti Computing Stock Skyrocketed Today
Rigetti Computing (NASDAQ: RGTI) stock managed to close Thursday's trading with strong gains despite moderately bearish momentum for the broader market. The company's share price jumped 9% in the daily session despite the S 500 falling 0.3% and the Nasdaq Composite declining 0.1%. The stock had been up as much as 11.5% on the day before giving up some of its gains.
Quantum computing stocks generally saw positive momentum in today's trading. Rigetti Computing benefited from the trend. The stock may have also gotten a boost from analyst coverage issued earlier this week and geopolitical developments.
Image source: Getty Images.
Source Fool.com
