BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc.
ALX LEADS YOUTH UNEMPLOYMENT CHARGE WITH ACCESSIBLE, AWARD-WINNING TECH EDUCATIONUpsides of Social Media MarketingBERKELEY, Calif., May 29, 2024 — Rigetti Computing, Inc. , a pioneer in hybrid quantum-classical computing systems, today announced the Company is set to join the Russell 3000Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1Index as well as the appropriate growth and value style indexes.
“We continue to make great progress towards improving our technology and putting quantum hardware in the hands of researchers to pursue important quantum R&D. Joining the Russell 3000Index gives Rigetti – and the quantum computing sector – enhanced visibility to a broader market,” says Dr. Subodh Kulkarni, Rigetti CEO.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.year – continue to evolve to reflect the dynamic US economy.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.
FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Medallion Financial Corp. Set to Join Russell 3000® IndexNEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp.
Read more »
African prodigy set to join EPL giants?African prodigy set to join EPL giants?
Read more »
Can AI Redefine the Future of Personal Computing?Chris Buchanan, Client Solutions Director for Dell Technologies South Africa, discussing the transformative impact of Generative AI (GenAI) on PC technology.
Read more »
Mozilla offers SA varsities R3.6m in responsible computing driveThe challenge supports the conceptualisation of curricula that empowers students to think about the social and political context of computing.
Read more »
Tarsus partners with Scale Computing to offer a VMware alternativeScale Computing's SC//Platform will be available through Tarsus Distribution locally. Scale Computing's SC//Platform will be available through Tarsus Distribution locally.
Read more »
The rise of hybrid cooling in African AI and high-performance computingThe future of IT thermal management is here … and it’s a hybrid of air and liquid cooling technologies.
Read more »