Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 9 Stocks Stealing the Show.
Rigetti Computing grew for a 4th consecutive day on Wednesday, jumping 13.28 percent to finish at $19.11 apiece, as investors resumed buying positions following Nvidia Corp.’s launch of a new AI-powered workflow designed to correct quantum systems’ biggest problems.
Nvidia earlier this week unveiled what it called the “Ising” Calibration and Decoding—two model domains targeting the fundamental challenges in quantum computing.
Photo by Sergei Starostin on Pexels
Ising Calibration is a vision-language model for automating QPU calibration tasks, which is capable of understanding quantum computing scientific experiment output and how it compares to expected trends, while Ising Decoding consists of two 3D CNN models for demanding decoding needed during quantum error correction.
Investors took the unveiling positively, sparking appetite for key players, including Rigetti Computing Inc. (NASDAQ:RGTI), as the development not only addressed major challenges being faced by the sector, but also validated the industry’s relevance, countering earlier views that its practical use was still decades away.
In other news, Rigetti Computing Inc. (NASDAQ:RGTI) announced the general availability of its new 108-qubit quantum computing system, Cepheus-1-108Q, on Rigetti Quantum Cloud Services (QCS) Platform and Amazon Braket.
Cepheus-1-108Q is Rigetti’s highest qubit-count system to date and the industry’s largest modular quantum computing system, based on Rigetti’s proprietary chiplet-based architecture. The system comprises twelve interconnected 9-qubit chiplets, tripling the number of qubits and chiplets from Rigetti’s previous 36-qubit system, Cepheus-1-36Q.
The system is currently performing at a 99.1% median two-qubit gate fidelity with a gate speed of ~60 ns and a 99.9% median single-gate fidelity.
Rigetti Computing Inc. (NASDAQ:RGTI) said that it is releasing Cepheus-1-108Q now in response to growing customer interest and will continue to…
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