Rigetti, HPE, and Pittsburgh Supercomputing Center to Build Hybrid Quantum-Classical Supercomputer
RGTI sits 19% above its 52-week low of $12.53.
Summary
Rigetti is expanding its collaboration with HPE and the Pittsburgh Supercomputing Center to build TangleLab, a new hybrid quantum-classical supercomputer. Construction starts September 1, 2026, with full operations expected in 2027. The project includes delivery of a 9-qubit Novera system to a testbed funded by a $5 million NSF grant. This follows Rigetti's recent $100 million CHIPS Act letter of intent and the general availability of its 108-qubit processor, reinforcing its position in the quantum computing race. The partnership with HPE, a major enterprise IT player, adds credibility and potential commercial pathways. The timeline to 2027 operations gives a concrete milestone for investors to track.
At the time of this announcement, RGTI was trading at $14.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $12.53 to $58.15. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.