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Quantum computing is the new gold rush, and investors are eagerly watching the horizon for the next big breakthrough. With promises of unmatched processing power, it is no wonder that the technology is causing such a stir. Rigetti Computing (RGTI) has made significant strides, reaching an impressive 99.5% fidelity by the end of last year. However, the real magic will begin once it scales those qubits. The company expects to achieve a narrow quantum advantage within three years and anticipates commercial adoption within five.
What’s even more exciting is, according to analysts, a new catalyst is on the horizon for Rigetti investors. The upcoming Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking contract awards anticipated in February could be a game-changer, and analysts believe Rigetti is perfectly positioned to secure a win. With a projected value of $300 million over seven years, the DARPA initiative could pave the way for the development of high-fidelity, error-corrected qubit systems.
