Why Rigetti Computing Stock Is Soaring Today
Shares of Rigetti Computing (NASDAQ: RGTI) are jumping on Thursday. The quantum computing start-up's stock rose 4.8% as of 3:30 p.m. ET, but was up as much as 12.6% earlier in the day. The rise comes as the S 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.2%.
Rigetti and other quantum stocks saw a boost after 's earnings call, in which the tech giant's CEO called out quantum computing as "the next big accelerator" in cloud computing.
Microsoft's recent earnings -- which showed strong growth and an incredible increase in the company's artificial intelligence (AI) capital expenditures -- included a nod to its efforts in quantum computing. During the company's call, CEO Satya Nadella spoke of the technology as an exciting opportunity in the future, adding that it had a technological breakthrough in partnership with Atom Computing.
Source Fool.com
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