RGTI stock price was flat in early trade but surged midday on press releases about strategic alliances. Investors interpret such moves as forward-looking, potentially adjusting fair value estimates upward. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Rigetti Computing (RGTI) hit a new all-time high on Thursday and closed nearly 19% higher than the previous day. The surge was fueled by Rigettiâs recent commercial wins and growing investor interest in quantum technology. RGTI stock price closed the day at $2.18, reflecting optimism from new proprietary algorithms disclosure. Investors see strong correlation between product innovation announcements and short-term price spikes in the tech growth space.