Dear Rigetti Computing Stock Fans, Mark Your Calendars for August 15

The quantum computing space is heating up, and pure-play quantum stock Rigetti Computing (RGTI) is right in the middle of the action. The stock has made waves recently, with shares spiking 30% on July 16 after the company unveiled a major technical milestone, achieving 99.5% median two-qubit gate fidelity on its modular 36-qubit system. 

This advancement cuts error rates significantly compared to previous results and marks a big step toward making quantum computing commercially viable. At the core of this progress is Rigetti’s modular architecture, which combines four “chiplets” to create a scalable 36-qubit system. By applying techniques from the semiconductor industry, Rigetti is tackling the tough challenge of building larger quantum systems without sacrificing performance.