What Propelled These 10 Firms’ Double-Digit Gains?

5. Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing saw its share prices soar by 16.30 percent on Friday, a third straight day, to close at $10.63 apiece, as investors gobbled up stocks ahead of the release of its earnings results on Monday, May 12, 2025.

In the earnings call, investors will be closely watching out for the company’s business expansion updates, having recently secured a $35-million investment and $100-million partnership with Quanta for the development of quantum computers.

According to the two firms, they would jointly invest $100 million over the next five years for the development of quantum computers.

In other news, Rigetti Computing, Inc. (NASDAQ:RGTI) was selected as one of the participants in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI), whose primary goal is to determine if any approach to quantum computing can achieve utility-scale operation by 2033.

According to RGTI, it will advance to Stage A, a 6-month performance period focused on its utility-scale quantum computer concept worth up to $1 million upon completion of program milestones.