10 Biggest Gainers of Last Week

5. Rigetti Computing Inc. (NASDAQ:RGTI)

Last week, shares of Rigetti Computing grew by 29.69 percent from $7.22 on Monday to end at $9.37 apiece, driven by news surrounding the company’s developments in the quantum computing sector.

The global quantum computing market, currently valued at $1.3 billion, is projected to grow at a remarkable compound annual growth rate (CAGR) of 32.7%, potentially reaching $5.3 billion by 2029 from $1.3 billion at present.

According to analysts, Rigetti stands to largely benefit from the expected growth, as they provide developers with essential resources and recently debuted their innovative Novera quantum processor.

It is also worth noting that Google’s advancements in the Quantum space with its newest Willow chip contributed to the rally on shares of Quantum stocks, including Rigetti.