Why Unity Software (U) and Rigetti (RGTI) are rising today

Unity Software (NYSE:U) and Rigetti Computing (NASDAQ:RGTI) are two of the stocks that advanced strongly on the first day of trading in 2025.

Unity’s platform enables computer games to have “real-time 3D content and experiences”, while Rigetti develops quantum computing products.

A close-up of a consumer enjoying the company’s game on their mobile device.

Unity is up 13% after Roaring Kitty, who has inspired several meme-stock rallies through her social media contributions, included a depiction of musician Rick James in her post on X. James is known for performing a song called ” Unity”.

Perhaps because of Roaring Kitty’s post, mentions of Unity Software on social media are skyrocketing this morning.

It is also noteworthy that there was a block trade of 1.32 million shares of U stock on Tuesday evening.

As for Rigetti, the quantum data company’s shares are jumping 8.5% after it was reported this morning that State Street, an investment bank, disclosed that it had acquired nearly 310,000 shares of the tech firm’s stock in the third quarter.

As a result, State Street’s stake in Rigetti grew by 12.9% in the third quarter to 2.71 million shares. The bank owned about 1.4% of Rigetti at the end of Q3. quarter, while State Street’s position in Rigetti was worth $2.125M at that time.

In the last three months, U stock has risen 21%, while RGTI has zoomed up 1,986%.

While we recognize the potential in U, our conviction lies in the belief that some AI stocks hold greater promise to deliver higher returns, and to do so in a shorter time frame. If you’re looking for an AI stock that’s more promising than U but trades at less than 5 times its earnings, check out our report on cheapest AI stock. ALSO READ 8 Best Wide Moat Stocks to Buy Now and 30 most important AI stocks according to BlackRock Disclosure: None. This article was originally published on Insider Monkey.