Rigetti Shares Jump 13% to $19.07 on Nvidia Quantum AI Boost
Rigetti Computing stock surged 13% to $19.07, marking its fourth straight gain and highest close since January 30 after Nvidia’s launch of open-source AI models for quantum computing. April trading saw a 34.5% rebound in RGTI shares with heavy options interest in July 14 calls and May 18 puts.
1. Rally Drivers
Rigetti Computing shares rallied after Nvidia introduced new open-source AI models specifically designed for quantum computing, including an Ising AI tool to accelerate quantum output debugging. The development underpins growing market forecasts for quantum computing to exceed $11 billion by 2030 and has boosted investor optimism in high-beta growth names like Rigetti.
2. Stock Performance
RGTI climbed 13% to close at $19.07, extending its winning streak to four sessions and posting its highest close since January 30. The stock has surged 34.5% in April but remains down 14.6% year-to-date, reflecting heightened volatility in the quantum sector.
3. Options Activity
Options traders have opened heavy new positions in both bullish July 14 calls and bearish May 18 puts, signaling mixed bets on Rigetti’s near-term trajectory. Overall options volume for RGTI is notably above average, indicating elevated speculative interest.