24/7 Market News Snapshot 11 June, 2025 – Rigetti Computing, Inc. Common Stock (NASDAQ:RGTI)

June 11, 2025

DENVER, Colo., 11 June, 2025 (www.247marketnews.com) – (Nasdaq:RGTI) are discussed in this article.
Rigetti Computing, Inc. (Nasdaq:RGTI), renowned for its advancements in full-stack quantum-classical computing, has seen a significant surge in its stock price, opening at $12.19 and currently trading at $13.43, reflecting an impressive increase of approximately 19.46%. This uptick follows a previous close of $11.24, signaling strong investor confidence and heightened trading activity, highlighted by a current volume of 67.54 million shares. Analysts are observing key support levels around $12.19 and resistance near $14.00, as these indicators may play a critical role in dictating future market movements.

In a noteworthy development, the company has successfully concluded an at-the-market equity offering program, securing gross proceeds of $350 million. This infusion of capital enhances Rigetti’s financial stability, bringing its total cash, cash equivalents, and available-for-sale investments to about $575 million, all while maintaining no outstanding debt. The newly acquired funding is earmarked for working capital, capital expenditures, and general corporate purposes, paving the way for potential strategic initiatives that could solidify Rigetti’s position in the quantum computing arena.

As a trailblazer in quantum technology, Rigetti has been delivering quantum computing solutions via its Rigetti Quantum Cloud Services platform to a diverse array of clients, including government entities, enterprises, and research institutions since its establishment in 2017. The company’s recent innovations, such as the 9-qubit Novera QPU and the introduction of on-premises quantum computing systems with qubit counts ranging from 24 to 84, demonstrate its commitment to enhancing accessibility to high-performance quantum processing.

With these significant funding achievements and technological advancements, Rigetti Computing is well-positioned to lead the evolution of quantum computing, driving transformative innovations across numerous industries and solidifying its status as a key player in the market.

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