Why Rigetti Computing Stock Surged This Week
Rigetti Computing (NASDAQ: RGTI) stock managed to record strong gains over the last week despite bearish pressures for the broader market. The company's share price rose 9.4% over the stretch even though the S 500 index fell 0.4% and the Nasdaq Composite index declined 1%.
Rigetti saw valuation gains supported by bullish indicators for the broader quantum computing space. IonQ posted fourth-quarter results that were much better than expected, and that seemingly boosted expectations for Rigetti's upcoming quarterly report.
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Source Fool.com
