Key Points The quantum computing company recently announced a big technological achievement.In a press release, Rigetti said its 36-qubit system had achieved a 99.5% median 2-qubit gate fidelity.10 stocks we like better than Rigetti Computing › Since the close of trading last week,

Wall Street got the message, with Rigetti stock jumping 30% Wednesday, trading at $16.56. The breakthrough system is built on four 9-qubit “chiplets,” using Rigetti’s tailor-made modular chip architecture. It’s the company’s latest effort in developing larger and more robust quantum machines.

Rigetti's $575M cash reserve and no debt ensure 6+ years of R&D. Click here for a full investment analysis of RGTI stock.