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Stock impact report

Rigetti Quantum Order From India Tests Path To Scaled Commercial Adoption [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
Rigetti Computing (NasdaqCM:RGTI) received an $8.4 million order for a quantum computer from India's Center for Development of Advanced Computing. The company reported 99.9% two qubit gate fidelity on its hardware. Rigetti also delivered multiple new quantum systems to the cloud for remote access. Rigetti focuses on building and operating superconducting quantum computers that clients can access through the cloud. For investors watching quantum hardware providers, this mix of commercial orders and technical results provides additional detail on how Rigetti is positioning itself within an industry that is still in an early stage. Looking ahead, you may want to monitor how Rigetti converts this type of order and technical progress into broader customer adoption and usage. The pace and mix of future contracts, partnerships, and cloud deployments could be important markers for how its technology and business model are received over time. Stay updated on the most important news Show less Read more
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