10 Firms End Trading Week Defying Market Bloodbath

2. Rigetti Computing Inc. (RGTI)

Rigetti Computing (RGTI) continued to draw investor attention, ending this week’s trading up by 10.52 percent to close at $17.06 each.

Similar to other quantum computing stocks, Rigetti continued to rally 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, 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.