Rigetti Computing (NASDAQ: RGTI) shares surged 5.27% during pre-market trading on Wednesday, July 16, 2025, reaching $13.39 per share, following the previous closing price of $12.72.
The jump comes as Rigetti announced achieving a 99.5% median two-qubit gate fidelity on its modular 36-qubit system, effectively halving the median two-qubit gate error rate compared to its earlier 84-qubit Ankaa-3 chip.
The new system, made up of four 9-qubit chips tiled together, is set for launch on August 15. This breakthrough sets the stage for a future 100+ qubit chiplet-based system expected before the end of 2025, highlighting Rigettiās progress in quantum computing technology.
