Bitcoin Miners, Quantum Computing Lead Rally: A Look at Wednesday’s Top 10 Gainers

2. Rigetti Computing Inc. (NASDAQ:RGTI)

Rigetti Computing (NASDAQ:RGTI) shares surged as much as 22.23 percent on Wednesday after the quantum computing industry received a boost from Microsoft.

On Wednesday, Microsoft’s strategic missions and technologies chief Mitra Azizirad highlighted the emergence of a dependable era in quantum computing, urging the sector to get ready because “we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value.”

The company expressed confidence that quantum computers will soon tackle significant challenges and unlock new business opportunities.

Over the past 52 weeks, Rigetti Computing (NASDAQ:RGTI)’s shares have already soared nearly 900%.

Its CEO, Subodh Kulkani, posted a positive outlook for the company, saying that it is in a position to sustain its ongoing research and development efforts. He also dismissed Nvidia Corp. chief Jensen Huang’s bearish remarks on quantum computing stocks that the practical use of quantum computers are still 15-30 years away.