US Stock Market Move | The new 36-qubit system has reached its mid-year goal. Rigetti Computing (RGTI.US) surged over 16%.

On Wednesday, Rigetti Computing (RGTI.US) surged over 16% to $14.77. In terms of news, the company announced that its new 36-qubit system has reached its mid-year target, achieving a 99.5% median fidelity for two-qubit gates, with the error rate for two-qubit operations almost halved compared to the previous 84-qubit Ankaa-3 chip system. The new system utilizes four 9-qubit chips (referred to as small chips), allowing the company to build a larger system with over 100 qubits. Rigetti plans to launch its new 36-qubit system on August 15, and is expected to release a 100+ qubit system based on the small chips by the end of 2025.