10 Best Quantum Computing Stocks to Buy for 2025

7) Rigetti Computing, Inc. (NASDAQ:RGTI)

Number of Hedge Fund Holders: 7

Rigetti Computing, Inc. (NASDAQ:RGTI) builds quantum computers and superconducting quantum processors. The company’s stock has been on investors’ radar and much of the appreciation in the stock price stemmed from an investment bank’s optimism about its growth outlook. The stock price went up by ~313% in just a month, with Craig-Hallum believing that quantum computing technology is expected to be revolutionary.

The investment bank added that investors are required to focus on this technology. As per the firm, Rigetti Computing, Inc. (NASDAQ:RGTI)’s unmatched ability to grow its quantum business can help surpass its peers over the longer term. The company’s release of an 84-qubit Ankaa-3 quantum computer fueled much of the optimism. Ankaa-3 features superior two-qubit gate fidelities, delivering 99.0% for iSWAP gates and 99.5% for fSim gates, along with lower error rates.

Rigetti Computing, Inc. (NASDAQ:RGTI) believes that such improvements are important when it comes to including quantum computing in practical applications in cryptography and drug discovery. Rigetti Computing, Inc. (NASDAQ:RGTI) plans to roll out the next generation of its modular system architecture while continuing to increase fidelities in 2025. By mid-year 2025, the company projects to release a 36-qubit system based on four 9-qubit chips tiled together, with the targeted 2x reduction in error rates from the present level. Analysts at Craig-Hallum initiated coverage of the shares of Rigetti Computing, Inc. (NASDAQ:RGTI), and gave a “Buy” rating with the $12 price target.