Why Rigetti Computing Stock Is Skyrocketing Today
Rigetti Computing's stock has surged significantly, rising by 22.8% in trading on Friday. This increase follows the announcement of potential funding from the U.S. Department of Commerce under the CHIPS and Science Act. Analysts view Rigetti as a key beneficiary of government investments in quantum computing, which may enhance its growth prospects.
- ▪Rigetti Computing's stock was up 22.8% as of 1 p.m. ET on Friday.
- ▪The company announced a letter of intent to secure up to $100 million in funding from the U.S. Department of Commerce.
- ▪TD Cowen identified Rigetti as one of the top three beneficiaries of the Department of Commerce's investments in quantum computing.
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Why Rigetti Computing Stock Is Skyrocketing Today Keith Noonan, The Motley Fool Fri, May 22, 2026 at 10:24 AM PDT 3 min read Rigetti Computing (NASDAQ: RGTI) stock is seeing another round of huge gains in Friday's trading. The quantum computing company's share price was up 22.8% as of 1 p.m. ET. The S&P 500 and the Nasdaq Composite were each up 0.4% at the same point in the daily session. Rigetti stock had been up as much as 26.4% earlier in the day. Along with bullish momentum for the broader market today, Rigetti Computing's valuation is getting another boost from yesterday's news that some leading quantum-computing dare set to receive funding through the U.S. CHIPS and Science Act. As of this writing, Rigetti Computing is now up roughly 19% in 2026.
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