Rigetti Computing (NASDAQ: RGTI) stock posted explosive gains across 2024. The quantum computing company's share price closed out the year's trading up 1,449.4%, according to data from S&P Global Market Intelligence.

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

Based in Berkeley, California, Rigetti Computing is valued at $2.43 billion and initiated operations in 2013. The stock had an eventful 2024. Shares gained 1,700% and continued their momentum into 2025, gaining 20% in the opening week of the new year.