Shares of Rigetti Computing, Inc. (RGTI) gained over 23% on Monday morning after the company announced the launch of 84-Qubit Ankaa-3 System.

RGTI is currently trading at $11.58, up $2.21 or 23.59%, on the Nasdaq. The stock opened its trading at $12.14 after closing Friday at $9.37. The stock has traded between $0.66 and $12.75 in the past 52-week period.

Ankaa-3 is Rigetti's newest flagship quantum computer featuring an extensive hardware redesign that enables superior performance. Rigetti also celebrates major two-qubit gate fidelity milestones with Ankaa-3: successfully halving error rates in 2024 to achieve a median 99.0% iSWAP gate fidelity, as well as demonstrating 99.5% median fidelity fSim gates.

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