Rigetti Computing, Inc. - Common stock (RGTI)

Recent technical milestones and major commercial contracts have sent quantum computing stocks soaring as the industry moves from promise to tangible proof.

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Here's a look at what happened this week in the quantum computing sector.

Rigetti Computing has emerged as one of the most intriguing companies at the intersection of quantum computing and practical business applications. Founded in 2013 by Chad Rigetti, a physicist and entrepreneur, Rigetti Computing set out with a bold mission: to democratize quantum computing and make it accessible to researchers, businesses,

Shares in D-Wave Quantum popped on Thursday as other quantum computing stocks also rose. D-Wave Q2 earnings are due in early August.

From penny stock to poster child for quantum hype, Rigetti Computing Inc (NASDAQ:RGTI) has surged over 1,300% in the past year – but its CEO Subodh Kulkarni says real commercial traction is still years away.

Earlier this year, more than $1 trillion was erased from Nvidia's market value during a months-long, panic-driven sell-off.

U.S. stocks moved higher today, with the Dow Jones gaining more than 200 points, or 0.5%, to close at 44,254.78.