Archived explainer. For the current picture see today's RGTI page.
RIGETTI COMPUTING IN (RGTI) is up +7.42% in the latest session. Our newswire has captured 12 stories on RGTI across 7 sources in the last 36 hours, with AI sentiment reading bullish (avg 58/100).
RGTI stock is up 7.42% at $15.20 in today’s session, driven by news of a new partnership and an analyst upgrade. Rigetti Computing announced a collaboration with Hewlett Packard Enterprise (HPE) and the Pittsburgh Supercomputing Center to build a hybrid quantum-classical supercomputer. This initiative, supported by a $5 million grant, includes the deployment of a 9-qubit Novera system at the Pittsburgh Supercomputing Center. Additionally, Benchmark analyst Gary Mobley initiated coverage of Rigetti with a Buy rating, contributing to the stock’s upward momentum.
Rigetti Computing has partnered with HPE and the Pittsburgh Supercomputing Center to develop a hybrid quantum-classical supercomputer known as TangleLab. This project is backed by a $5 million grant and aims to advance quantum computing research and applications. The 9-qubit Novera system will be deployed at the Pittsburgh Supercomputing Center as part of the initiative. The collaboration is part of a broader effort to integrate quantum and classical computing capabilities to solve complex computational problems.
Benchmark analyst Gary Mobley has initiated coverage of Rigetti with a Buy rating, citing the company’s strategic partnerships and advancements in quantum computing. This analyst action, along with the news of the new partnership, has contributed to the stock’s strong performance in the early part of the session.
RGTI opened at $14.60, a 3.2% gap up from the prior close of $14.15. The stock reached an intraday high of $16.12 at 9:50 AM ET before retreating to $15.20 at the close of the session. Volume has reached 14.7 million shares, which is 0.4 times the 3-month average. The stock has traded in a 52-week range of $12.53 to $58.15 and has declined by 7.2% over the last 8 sessions, from $15.25 to $14.15.
Rigetti Computing does not have an announced earnings date in the near term. Investors should monitor the breadth of analyst coverage and any further developments in the quantum computing sector, including potential partnerships or technological advancements.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
Benchmark Co. analyst Gary Mobley reinstated coverage of quantum computing stocks, including IonQ ($IONQ), Rigetti Computing ($RGTI), and D-Wave Quantum ($QBTS), as...
Rigetti and HPE team up on NSF-funded TangleLab hybrid quantum-classical supercomputer at PSC.
Benchmark initiates Rigetti Computing stock coverage with buy rating
AT&T just handed the quantum computing sector a concrete production milestone, and the stocks reacting hardest are not the ones that signed the deal.
Welcome to Monday’s quantum update. The latest developments include a major acquisition for D-Wave, a commercial roadmap from Quantinuum and SoftBank, leadership ch...
Rigetti Computing deepens its partnership with HPE and the Pittsburgh Supercomputing Center, introducing a 9-qubit Novera system to a new hybrid quantum-classical supercomputing testbed. This initiative, backed by a $5 million NSF grant, is set to accelerate quantum research and education in a state-of-the-art environment.
Rigetti Computing stock has already lost 40% of its value this year.
More on RGTI: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier RGTI move explainers: 2026-07-28 · 2026-07-27