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Anushka Dutta

Rigetti Computing Just Announced a New Quantum Deal. Should You Buy RGTI Stock Here?

Rigetti Computing Rigetti RGTI Cantor Fitzgerald

Quantum computing company Rigetti Computing (RGTI) recently signed a Memorandum of Understanding (MOU) with an Indian research and development organization, the Centre for Development of Advanced Computing (C-DAC). The MOU is aimed at exploring the “co-development of hybrid quantum computing systems,” supporting functions like those in government labs as well as academia.

Rigetti’s quantum computing processors are considered ideal for hybrid systems due to the efficiency of superconducting qubits, which are over 1,000 times faster than other qubit modalities. With the MOU news in mind, should investors consider buying RGTI stock here?

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