- Rigetti Computing stock surged 17% to $25.82 after securing up to $100 million in CHIPS Act funding. Here’s what the government backing means for investors and the RGTI outlook.
Rigetti Computing Inc (NASDAQ: RGTI) extended its powerful rally on Friday, climbing to $25.82, up 17.15%, as investors continued reacting to news that the quantum computing company was selected for up to $100 million in U.S. government funding under the CHIPS and Science Act.
The sharp move highlights renewed investor appetite for quantum computing stocks, with RGTI shares benefiting from optimism around federal backing, long-term technology demand, and improved capital access.
Why Rigetti computing stock is rising today
The key catalyst behind the sharp move in RGTI stock is the announcement that Rigetti Computing could receive up to $100 million in federal support over the next three years. Unlike traditional grants, the package reportedly includes a potential equity stake for the U.S. Department of Commerce, creating a public-private partnership framework designed to accelerate quantum computing development.
For investors, government backing can be significant. It may improve Rigetti’s access to capital, strengthen credibility with enterprise customers and research partners, and reduce reliance on private fundraising in a capital-intensive industry.
How did the market react to the quantum computing announcement?
The Trump administration’s $2 billion federal investment package triggered a massive sector-wide rally for quantum computing stocks:
- D-Wave Quantum: Soared roughly 25% to 33% after securing a $100 million deal.
- Rigetti Computing: Rallied 30.57% during normal trading hours, climbing an additional 3.18% in pre-market action to trade at $22.74 USD.
- IonQ: Spiked up to 12% following the broader sector momentum.
- IBM: Jumped over 7% to 12% after landing a $1 billion grant for a new quantum wafer foundry.
- GlobalFoundries: Climbed following a $375 million federal incentive.
For investors, government support can be a major vote of confidence. Beyond the direct capital injection, the development could strengthen Rigetti Computing’s credibility with customers, strategic partners, and institutional stakeholders.
The announcement also reinforces quantum computing’s growing importance in national technology policy, particularly in areas such as artificial intelligence, cybersecurity, scientific research, and high-performance computing.
We are honored that the U.S. government is seeking to partner with Rigetti to accelerate the pace of quantum computing commercialization, tackle key scaling bottlenecks more rapidly and get us closer to utility-scale quantum computing.”
said Dr. Subodh Kulkarni, Rigetti’s Chief Executive Officer.
Rigetti computing stock outlook
The near-term outlook for Rigetti computing stock will likely depend on whether momentum investors continue piling into the quantum computing trade and how details surrounding the federal funding package develop.
Still, volatility remains a defining feature of emerging technology names. Any disappointment tied to funding terms, commercialization progress, or earnings performance could trigger sharp pullbacks. For now, the combination of government support, sector momentum, and growing quantum computing optimism has placed Rigetti Computing firmly back on investors’ radar.
Rigetti Computing stock surged after the company was selected for up to $100 million in CHIPS Act funding from the U.S. government to support quantum computing development.
Rigetti Computing is a high-growth, high-risk quantum computing stock. Investors typically assess factors including government funding, revenue growth, profitability trends, valuation, and sector volatility before making investment decisions.
The near-term outlook for RGTI stock remains constructive, with traders watching for continued momentum toward the $30 level, although volatility risks remain high in the quantum computing sector.
