Quantum computing firm Rigetti surges after tech update
Shares of quantum computing firm Rigetti Computing RGTI.O jump 19.4% to $15.2, hitting their highest level in seven weeks
Company says it has achieved a mid-year performance milestone of 99.5% median two-qubit gate fidelity on its modular 36-qubit system
Says new performance milestone cuts in half median two-qubit gate error rate from its previous best results on its 84-qubit single chip system
RGTI says it plans to launch 36-qubit system on August 15
Company will report Q2 results on August 6
RGTI is the #1 trending ticker on retail investor forum and social media platform Stocktwits on Wednesday
Quantum computing stocks have been in focus this year, with Nvidia's NVDA.O CEO Jensen Huang saying in June that the technology is at an inflection point
Including sessions' gains, stock down more than 2% YTD
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