BlackRock (NYSE:BLK), the world’s largest asset management organization, is noted for having a diverse investment portfolio, leveraging trillions of dollars at its disposal to bag shares in companies worldwide. The company has made several successful bets over the years.
In one of the prime examples, BlackRock increased its exposure to quantum computing stock Rigetti Computing Inc. (NASDAQ:RGTI) in the third quarter of 2024. Since then, the stock has skyrocketed 1477%.
What happened: According to the 13F filing with the SEC, BlackRock purchased 538,966 shares of RGTI in the third quarter, taking its total holdings to 9,447,600 shares, worth $7.39 million in value then, for the period ending Sept. 30.
This made BlackRock the fifth-biggest shareholder in Rigetti, a …
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