Why Rigetti Computing Stock Blasted 18% Skyward Today
The volatile, up-and-down nature of quantum computing stocks was strongly in evidence Wednesday with sector title Rigetti Computing (NASDAQ: RGTI). The company's shares lept 18% higher, on the back of a major quantum computing deal announced by a peer. An analyst's price target raise didn't hurt either. That raise absolutely crushed the S 500 (SNPINDEX: ^GSPC), which only crept 0.1% higher that day.
That peer is Quantinuum, a company in which U.S. industrial giant owns a stake. On Wednesday, Quantinuum announced that it is creating a joint venture with Qatar's Al Rabban Capital to develop that country's quantum computing capability.
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Source Fool.com
Honeywell International Stock
€176.60
0.680%
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