Why Rigetti Computing Stock Soared in April
Shares of Rigetti Computing (NASDAQ: RGTI) surged higher in April. The company's stock gained 12% over the course of the month. The strong performance came as the S 500 and the Nasdaq Composite indexes had a particularly chaotic month.
Rigetti, which is working to develop quantum computing, made two major announcements this month that sent its stock higher.
Earlier in the month, the Defense Advanced Research Projects Agency (DARPA) announced it had selected 15 companies for its ambitious quantum computing program, including Rigetti.
Source Fool.com
