Rigetti Computing (RGTI) stock rocketed 30% on July 16 after the quantum computing company announced achieving 99.5% median two-qubit gate fidelity on its modular 36-qubit system, marking an important step toward commercial viability in the emerging quantum industry.
The Berkeley-based company’s breakthrough represents a 2x reduction in error rates compared to its previous best results, bringing quantum computing closer to practical applications that could generate meaningful revenue.
