While challenges remain, including competition and valuation concerns, Rigetti's technological progress and strategic focus suggest potential for continued growth in the quantum computing sector.

Despite the volatile year, Rigetti's stock has surged over 1,000% in the past year, signaling strong investor confidence, even as it experienced a 28% decline earlier this year.

The recent advancements have positively impacted investor confidence, with Rigetti's stock rising by 14.5% by mid-morning on July 16, 2025, despite a year-to-date decline of 28%.

The company's modular, multi-chip architecture allows for expansion beyond 100 qubits without performance loss, positioning it as a leader in scalable quantum systems.

The new 36-qubit system comprises four 9-qubit chiplets using Rigetti's proprietary modular chip technology, a key step toward its goal of a 100+ qubit system.

Rigetti's advancements in quantum technology reinforce its position as an industry pioneer, with plans to further develop high-performance systems for diverse applications.

However, experts caution that true commercial applications of quantum technology may still be a decade away, and investors should remain cautious amid ongoing technological and market uncertainties.

Technical indicators show the stock is gaining strength, with an RSI of 63.66 and a MACD of 0.50, suggesting positive momentum without overbought conditions.

Rigetti Computing has announced a major milestone by achieving a median two-qubit gate fidelity of 99.5% on its modular 36-qubit quantum system, marking a significant step forward in quantum performance.

This 36-qubit system, which is set to launch on August 15, 2025, is part of Rigetti's broader plan to develop a 100+ qubit chiplet-based system by the end of 2025, leveraging its proprietary modular chip technology.

Analysts remain optimistic, with Alliance Global Partners raising its price target from $16 to $18 and maintaining a 'Buy' rating, reflecting confidence in Rigetti's long-term scalability.

Rigetti has been operating quantum computers over the cloud since 2017 and has expanded its offerings to include on-premises systems with qubit counts ranging from 24 to 84, serving sectors like government and research.