Rigetti Computing ( (RGTI) ) has risen by 26.31%. Read on to learn why.
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New trading tool for RGTI bullsRigetti Computing’s stock has surged 26.31% over the past week, as traders piled into the quantum computing name on the back of strong news flow and heavy options activity. Trading near $19.57, the stock has seen options volume far above normal, with call buying outpacing puts and implied volatility still elevated. This options skew points to a bullish tone in the market, even as the shares remain volatile and well below their highs for the year.
The main catalyst behind the move is the company’s progress on its technology and commercial traction. Investors reacted positively to the full launch of Rigetti’s new 108‑qubit Cepheus‑1‑108Q quantum system, alongside an $8.4 million order from India’s Centre for Development of Advanced Computing. At the same time, sector sentiment has been boosted by World Quantum Day headlines and Nvidia’s open-source AI quantum models, which have drawn fresh attention to quantum computing players across the board.
Analyst support has added fuel to the rally, even against a backdrop of ongoing losses and insider selling. Alliance Global Partners’ Brian Kinstlinger reiterated a Buy rating on Rigetti Computing with a $37 price target, while the broader analyst consensus sits at Strong Buy with an average target of $32.33. Although the company remains unprofitable and insider sentiment has recently turned negative, the combination of new orders, cutting-edge product launches and upbeat analyst views has reset expectations and helped drive this week’s strong share-price rebound.