Shares of quantum computing company Rigetti Computing (RGTI) are trading another 25% higher as investors are clearly opening positions in this and other quantum computing stocks for 2025.
Weeks ago, Google opened the floodgates on speculative investing in the quantum computing industry with its announcement of it’s new quantum computing chip “Willow”.
Rigetti is one of the two companies – outside of Google – that investors are eyeing for a strong performance in 2025 as quantum computing appear to be the next technological innovation following AI.
Rigetti Computing uses superconducting qubits technology that offers faster and more efficient solutions for industries like finance, healthcare, aerospace, and artificial intelligence.
The company is unique in its approach as Rigetti’ hybrid quantum-classical cloud platform allows developers and businesses to harness the power of quantum computing for optimization, modeling, and machine learning tasks.
In late November, Rigetti become on of the more popular targets of investing speculators after several articles had identified the company as an up-and-coming force in quantum computing.
Speculators have acted quickly to get into shares of Rigetti before “smart money” and institutions begin taking larger positions in the stock.
The stock quickly rallied from $2 to $10, where shares had become overbought from a technical perspective. Buyers returned in full force after a fast and aggressive selloff to $7.50and have now doubled the stock to their current price of $15 in just three trading days.
While shares of Rigetti are once again overbought, traders are likely to continue driving the price of the stock until shares hit the next psychologically significant price, $20.
At that point, expect volume to lighten as the stock will prepare for another “healthy correction to $15 which is where the buyers will likely step in again.
