Stock price surge of Rigetti Computing by 9.3% during the current week
Quantum computing, a field that resides at the very edge of human knowledge, is making strides towards becoming a reality. However, it may take several years, if not decades, before viable quantum computing at scale is achieved.
Recently, a new type of particle called "neglectons" has been identified by researchers at the University of Southern California. These particles, once overlooked in quantum computing research, could potentially revolutionise the field by providing a solution to one of its biggest challenges: error correction.
Neglectons were previously dismissed as "mathematical garbage," but their potential in quantum computing is now being recognised. The potential solution involves an approach called "braiding."
Quantum computing systems are fragile and prone to degradation, making error correction a significant challenge. The discovery of neglectons could potentially alleviate this issue, leading to more stable and reliable quantum computers.
The potential impact of neglectons on quantum computing does not mean the issue is solved or close to being solved. However, it is a promising step forward in the development of this groundbreaking technology.
Rigetti Computing, one of the more promising quantum companies, has seen a rise in its shares this week. Following the discovery of neglectons, Rigetti's shares experienced a 9.3% rise from last Friday's close. This growth may be due to the potential impact of neglectons on quantum computing.
It is important to note that at its current valuation, Rigetti is not a suitable investment option for many investors.
The S&P 500 and the Nasdaq-100 also experienced growth, rising 2.4% and 3.7%, respectively, this week. While the rise in Rigetti Computing's shares is significant, it is but one part of the broader market trends.
Researchers at the University of Southern California, including professors and physicists specializing in quantum materials, are associated with the discovery of neglectons. Other quantum computing companies working on error correction solutions include IBM, Google, Rigetti, and IonQ.
As the field of quantum computing continues to evolve, the discovery of neglectons represents a significant leap forward. While it may take many years before viable quantum computing at scale is achieved, the potential benefits are immense. The future of computing could very well be quantum, and the discovery of neglectons brings us one step closer to that reality.
