We recently compiled a list of the 10 companies end the trading week and defy the bloodbath on the market. In this article, we’ll take a look at where Rigetti Computing Inc. (NASDAQ:RGTI) stands compared to the other stocks.

This Friday, a wave of selling hit Wall Street, pushing major indexes lower as investors shifted capital to more attractive investment opportunities.

Ten companies defied the overall pessimistic market mood and posted significant profits on the last trading day of the week. Let’s examine how they managed to buck the trend and what factors contributed to their remarkable performance amid widespread market uncertainty.

A close-up shot of an engineer typing at a quantum computer station in a modern office space.

Rigetti Computing (RGTI) continued to attract investor attention, ending trading this week up 10.52 percent to close at $17.06 each.

Similar to other quantum computing stocks, Rigetti continued its rally amid the rapid expansion of the global quantum computing market, currently worth $1.3 billion. The market is expected to grow at an impressive compound annual growth rate (CAGR) of 32.7 percent and potentially reach $5.3 billion by 2029.

Analysts say Rigetti (RGTI) is likely to largely benefit from expected growth as it provides key resources to developers and recently launched its innovative Novera quantum processor.

It’s also worth noting that Google’s advances in Quantum with its latest Willow chip have contributed to the rise of Quantum stocks, including Rigetti.

Total RGTI takes 2nd place on our list of companies that ended the trading week despite a market bloodbath. While we recognize RGTI’s potential as an investment, we believe AI stocks have more promise for delivering higher returns, and within a shorter time frame. If you’re looking for an AI stock that has more promise than RGTI but trades at less than 5x earnings, check out our report on it cheapest AI stock.

READ MORE: The 8 Best Wide Moat Stocks to Buy Now And The 30 most important AI stocks according to BlackRock

Disclosure: None. This article was originally published on Insider Monkey.