We recently released a list These 10 companies were bombed with double digits today. In this article, we will explore Rigetti Computing, Inc. (NASDAQ: RGTI) location, standing with other companies that blow up double digits today.

Ten individual stocks soared in double-digit numbers on Wednesday, underperforming the Wall Street Index, which continued to boost investor confidence.

By comparison, Wall Street's index mixed together, Nasdaq High-Tech's index rose 0.72%, followed by the S&P 500, up 0.10%. Dow Jones Jones fell 0.21%.

In this article, we list 10 of the best performing stocks on Wednesday and detail the reasons behind their earnings.

To put this list, we only considered stocks with a market cap of $20 billion and a trading volume of $5 million.

Close-up of engineer typing in quantum computing station in modern office space.

Rigetti Computing's shares rose 18% on Wednesday, with investors buying $11.64 after analysts rating the company positively.

Earlier this week, investment firm Craig-Hallum went to Rigetti Computing, Inc. (NASDAQ: RGTI) offers buy advice, with a higher target of $14, compared to the previous price of $12.

After the revision, the company's revenue fell 52% to $1.47 million from $3.05 million a year ago to $1.47 million after earnings performance in the first quarter of this year, as business losses increased by 30% year-on-year to $16.58 million to $21.6 million.

From the same period, operating expenses rose 22% to $22.07 million.

Earlier this year, Rigetti Computing, Inc. (NASDAQ: RGTI) has obtained several projects from the U.S. and UK governments, reflecting its stronghold in the field of quantum computing. This includes its participation in DARPA's quantum benchmarking program, awarding the AFOSR award for further development of breakthrough chip manufacturing technologies, and three Innovate UK Quantum Mission Pilot Awards to enhance superconducting quantum computing.

Overall, RGTI Ranked second On our list of companies that have been blown up in double digits today. Although we acknowledge the potential of RGTI as an investment, our belief is that AI stocks have greater hope and can deliver higher returns and conduct them in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than RGTI but have less than 5 times its earnings, check out our report Cheapest AI stocks.