10 Firms Buck Broader Market Optimism

6. Rigetti Computing Inc. (NASDAQ:RGTI)

Shares of Rigetti Computing dropped by 4.9 percent or 0.98 points to finish at $19.02 apiece as investors pocketed gains following a 31-percent surge in the previous trading day.

Similar to other quantum computing stocks, analysts remained bullish on Rigetti amid the rapid expansion of the global quantum computing market, currently valued at $1.3 billion. The market is projected to grow at an impressive compound annual growth rate (CAGR) of 32.7 percent, potentially reaching $5.3 billion by 2029.

According to analysts, Rigetti (RGTI) stands to largely benefit from the expected growth, on their promises of developing essential resources. Just recently, the company debuted its 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.