US stocks surged | Rigetti Computing (RGTI.US) soared over 16% as its new 36-qubit system has reached its mid-year target.

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