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This collaboration establishes a critical hybrid quantum-classical testbed at the Pittsburgh Supercomputing Center, leveraging an NSF grant and HPE partnership to advance practical supercomputing applications. Rigetti's recent financial performance demonstrates growing commercial traction with revenue tripling in Q1 2026 while maintaining a strong cash position for continued R&D investment.

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Rigetti Computing Stock Surges 12 % on Hybrid Quantum Supercomputer Deal With HPE and Pittsburgh Center

GDELTJuly 27, 20264 min read

NEW YORK — Shares of Rigetti Computing Inc. climbed more than 12 percent in early trading Monday after the company announced an expanded collaboration to develop a hybrid quantum-classical supercomputing testbed. The stock rose $1.74, or 12.30 percent, to $15.89 as of 9:49 a.m. Eastern time. Trading volume was active as the market opened. The previous close was $14.15. In a statement released Monday, Rigetti said it will deliver a 9-qubit Novera quantum computing system to a new testbed at the Pittsburgh Supercomputing…

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