Rigetti Computing Is Skyrocketing Today -- Is the Quantum Computing Stock a Buy?

Rigetti Computing (NASDAQ: RGTI) stock is rocketing higher in Wednesday's trading thanks to positive analyst coverage and a bullish backdrop for the broader market. The company's share price was up 11.9% as of 3:15 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.4%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.8%.Rising expectations that the Federal Reserve will cut interest rates and news that the U.S. has reached a trade deal with Vietnam are contributing to bullish momentum for Rigetti and the broader market today. The quantum computing specialist's share price is also getting a big boost from Cantor Fitzgerald's new note on the company.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool