Quantum Computing giant, Rigetti Computing (NASDAQ:RGTI) continued its upward ascent of over 15% in early trading Monday following the launch of its latest quantum system, the 84-qubit Ankaa-3. YTD the stock is up almost 1,100% and over 1,233% over the past six months alone.Together with a rebuilt cryogenic basis and optimized qubit layouts, its cutting-edge Alternating-Bias Assisted Annealing (ABAA) technology defines the hardware makeover of this flagship system with precision frequency targeting.
Ankaa-3 achieved a milestone of 99.5% median two-qubit gate integrity, defining a new benchmark for quantum performance.Accessible now via Rigetti Quantum Cloud Services (QCS), the system will interface in early 2025 with Microsoft Azure (MSFT) and Amazon Braket (AMZN). Driven by advances like a better qubit chip and a robust calibration technique that reduces error rates, Ankaa-3 offers faster, high-fidelity gates specifically for advanced algorithmic research.CEO Dr. Subodh Kolkarni underscored Rigetti's robust financial positioning with $225 million in cash reserves and a goal aimed at scalable, modular systems exceeding 100 qubits by late 2025.