On Monday, Wedbush assumed coverage of Rigetti at Outperform, maintaining its price forecast of $40 for the stock. The company confirmed its second-quarter earnings release for Thursday, after the market close.IBM Executive Projects Industry GrowthOn CNBC’s “Mad Money” on Thursday, International Business Machines Corp (NYSE:IBM) CEO Arvind Krishna discussed long-term sector growth.“I think that in 2028 or 2029, you’ll see it have a measurable impact on our top line and bottom line,” Krishna said regarding quantum computing. “By the end of the 2030s, we are now pretty convinced this is a trillion dollars of value.”Quantum Sector DevelopmentsOn Thursday, IBM and Algorithmiq reported research demonstrating quantum advantage.“A quantum computer can do things better, faster, cheaper, in a way that normal classical computers cannot do at this time,” Krishna said.Critical Levels To Watch For RGTI StockRGTI is trading 13.6% above its 20-day SMA ($15.29), but it remains 8.8% below its 50-day SMA ($19.04) and 19.5% below its 200-day SMA ($21.57), so the bigger-picture trend is still trying to repair. The death cross that formed in February (50-day SMA below the 200-day SMA) keeps the longer-term bias cautious until price can reclaim those mid-to-long averages.Momentum is best framed through RSI, which sits at 54.63—neutral, but leaning slightly constructive after the recent swing low in July.