On September 8, Rigetti Computing rose 5.59% in pre-market trading, trading at $16.09/share, with turnover of approximately $4.24 million.

On the news front, the company announced three new R&D initiatives aimed at tackling critical scalability challenges in quantum computing. The projects focus on hardware architecture optimization and error rate control — two core bottlenecks constraining quantum system expansion — with the goal of accelerating practical and commercial deployment of quantum technology.

The announcement builds on recent positive momentum. In Q2, Rigetti reported revenue of $5.1 million, up approximately 183% year-over-year, while adjusted loss per share of $0.05 was in line with analyst expectations. In late July, the company also secured a $5 million National Science Foundation grant to build the TangleLab hybrid quantum-classical supercomputing testbed in partnership with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center, with construction slated to begin September 1.

On the institutional side, Benchmark has expressed optimism about quantum technology commercialization prospects, while Wedbush maintains an Outperform rating on the stock with a consensus mean price target of $29.82.

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