Wall Street got the message, with Rigetti stock jumping 30% Wednesday, trading at $16.56. The breakthrough system is built on four 9-qubit “chiplets,” using Rigetti’s tailor-made modular chip architecture. It’s the company’s latest effort in developing larger and more robust quantum machines.

The California-based firm said it has achieved a major milestone and teased more news to come. Here's what to know.

Rigetti Computing Inc (NASDAQ:RGTI) reveals 36-qubit modular quantum system with record-setting fidelity, sending stock up 14.5%. Bullish signals abound.