Why Rigetti Computing Stock Gained 48.6% in October | The Motley Fool
Rigetti Computing’s stock surged 48.6% in October 2025, a standout move even as the broader tech space faced its own volatility. The month’s gains weren’t driven by a single blockbuster announcement, but rather a combination of rising optimism from analysts and a growing sense that quantum tech is starting to find practical footholds in the tech ecosystem.
Early-October optimism from the street
In the opening days of the month, a prominent equity researcher lifted Rigetti’s price target dramatically, boosting expectations for where the stock could head. The note highlighted Rigetti’s summer equity sale as a potential catalyst, providing the company with runway to push ahead on its development plans and extend its cash-burn trajectory further into the future.
Momentum across the quantum sector
A couple of weeks later, enthusiasm for quantum technologies broadened. A major financial institution laid out a bold, multi-trillion-dollar framework to back advanced technologies over the next decade, explicitly naming quantum computing as an area of interest. Even a partial allocation of those funds could meaningfully bolster confidence in smaller, specialized players like Rigetti, helping smooth near-term price upside as investors reassess the sector’s growth trajectory.
End-of-month developments
Toward month’s end, Rigetti announced a collaboration intended to accelerate interoperability with high-performance computing systems. The company said it would support Nvidia’s NVQLink, a fast interconnect designed to shuttle massive data sets across different parts of a large computing cluster. Integrating quantum processors with such high-speed networking aims to streamline data access and simplify the software and control layer for hybrid computing environments.
What it means for the road ahead
Industry observers emphasize that quantum computing will augment rather than replace traditional computing for the foreseeable future. The path to real-world impact hinges on a blend of continued funding, practical demonstrations, and partnerships that bring quantum-enabled workflows into everyday use. For Rigetti and peers, sustained progress will depend on turning technical advances into scalable products, expanding access to customers ready to experiment with early-stage quantum deployments, and maintaining a clear line of sight to commercial applications.
As the sector matures, expect ongoing volatility as investors weigh the pace of hardware breakthroughs, software ecosystems, and the economics of early deployments. The next chapters for Rigetti will likely hinge on how effectively the company translates breakthroughs into repeatable performance gains and how well it leverages collaborations to accelerate adoption in finance, materials science, and logistics.
