Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 10 Stocks With Effortless 18-42% Gains.
Rigetti Computing soared by 19.29 percent on Friday to finish at $11.75 apiece, as investors grew interested in its stock ahead of the results of its earnings performance for the third quarter of the year.
Based on its calendar, Rigetti Computing Inc. (NASDAQ:RGTI) is scheduled to report its financial and operating highlights after market close on Tuesday, November 10. A conference call will be held to elaborate on the results.
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Earnings aside, investors are expected to seek updates on its research and development initiatives to support the acceleration of superconducting quantum computing.
It can be recalled that Rigetti Computing Inc. (NASDAQ:RGTI), pursuant to the US government's CHIPS Act, successfully bagged $100 million in funding from the US Department of Commerce in September this year, which will pursue three research and development projects that aim to address major technical bottlenecks in scaling superconducting quantum computing and accelerate its roadmap towards utility-scale quantum computing.
Under the agreement, the Commerce Department will receive a minority, non-controlling equity stake in Rigetti Computing Inc. (NASDAQ:RGTI) as a condition for receiving the funds, saying the move was "to enhance the return for the US taxpayer."
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