Archive · 13 Sep 2025
Rigetti Stock Climbs on India Quantum Computing Deal
Rigetti Computing, a tech company, saw its stock price increase after a deal.
The company signed an agreement with India's Centre for Development of Advanced Computers (CDAC) for quantum computing.
This technology could help with government and research.
The stock rose to an 8-month high.
The company was founded by Chad Rigetti and is now led by CEO Dr. Subodh Kulkarni.
Tech and AI stocks have been performing well recently.
Rigetti Computing stock rose nearly 15% on the Nasdaq.
The stock reached an 8-month high.
The increase followed an announcement of a deal with India's CDAC.
The deal involves high-end hybrid quantum computing systems.
Dr. Subodh Kulkarni is the current CEO.
- Who
- Rigetti Computing and India's CDAC
- What
- Signed a Memorandum of Understanding for hybrid quantum computing systems
- When
- Announced two days prior to the article
- Where
- India
- Why
- To power government, academic, and R&D capabilities
- Company
- Rigetti Computing
- Stock Increase
- Nearly 15%
- Stock Price
- $19.09 (per share)
- Exchange
- Nasdaq
- Partnership
- CDAC
- CEO
- Dr. Subodh Kulkarni
- Founded
- 2013