Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the High growth stocks to invest in now. Rigetti Computing, Inc. (NASDAQ:RGTI) has risen more than 20% since October 13, when JP Morgan announced it would invest $1.5 trillion in the United States over the next decade. The list of critical industries mentioned by the bank also included quantum computing, which drove the stock to an all-time high.
The company is making progress in the quantum computing space, as on September 30, Rigetti Computing, Inc. (NASDAQ:RGTI) announced securing purchase orders for two quantum computing systems worth around $5.7 million. According to the company’s press release, the order was for two Novera 9-qubit quantum computing systems. These systems are upgradeable, meaning customers can increase qubits for more complex research. Delivery of these systems is expected during the first half of 2026.
Overall, Wall Street seems bullish on the stock, as on October 7, Benchmark Co.’s David Williams raised his price target on Rigetti Computing, Inc. (NASDAQ:RGTI) from $20 to $50, while reiterating a Buy rating.
Rigetti Computing, Inc. (NASDAQ:RGTI) develops and operates full-stack quantum computers accessible through its Quantum Cloud Services platform.
While we recognize RGTI’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.