Rigetti Computing reached a notable milestone with a 99.5% median two-qubit gate fidelity on its 36-qubit modular system. This achievement highlights advancements in reducing error rates and enhances the feasibility of quantum computers for commercial use. Following this announcement, Rigetti's stock price surged over 30%, indicating investor confidence in the near-term viability of quantum computing. The company emphasizes the advantages of superconducting qubits and plans to release further updates aligned with its second-quarter 2025 results. Despite fluctuations in the sector, interest in quantum technology continues to grow.
"We benefit from the many advantages of superconducting qubits, including gate speeds more than 1,000x faster than other modalities like ion trap and pure atoms, and scalability."
"Rigetti has achieved its mid-year performance milestone of 99.5% median [two-qubit gate fidelity] on its modular 36-qubit system."
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