Rigetti Computing, Inc. (NASDAQ:RGTI) shares slid Tuesday, reflecting broader weakness in quantum technology stocks as rising Treasury yields continue to weigh on growth-oriented equities.
Amid the market turbulence, Rigetti announced a strategic collaboration with India’s Centre for Development of Advanced Computing (C-DAC), signing a Memorandum of Understanding to explore the co-development of hybrid quantum computing systems for government laboratories and academic institutions.
