Why Rigetti Computing Stock Soared 9.3% This Week
Shares of Rigetti Computing (NASDAQ: RGTI) jumped this week. The quantum computing start-up's stock rose 9.3% from last Friday's close. The move came as the S 500 and the Nasdaq-100 rose 2.4% and 3.7%, respectively.
Rigetti and other quantum stocks were lifted this week by news that researchers at the University of Southern California may have found a way around obstacles the technology faces in its development.
Researchers at the University of Southern California said that they had identified a new type of particle they call "neglectons," which could help solve one of quantum computing's biggest issues. The particles earned their name from their once-overlooked status; researchers had previously dismissed them as "mathematical garbage."
Source Fool.com
