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Rigetti Computing Stock News
$16.50
3.09%
Nasdaq, Sep 24, 04:14 pm EDT.
Closed.
Why the stock moved Beta
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Top quantum computing stocks like IonQ, Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) are rising today after IonQ made a breakthrough this week. IonQ stock is up more than 10% in the pre-market session, while D-Wave Quantum is up 4.70%.
BofA Securities says investor and corporate interest in quantum computing is surging as government funding, technological breakthroughs, and rising budgets push the technology closer to commercialization.
Shares in the five most prominent quantum computing companies are rising today despite a larger market pullback. The stock price jump in the companies controlling the nascent technology comes after three of the companies secured hundreds of millions in funding from the U.S. government.
The U.S. government is taking minority stakes in three quantum computing companies in exchange for CHIPS and Science Act funding. Investors are cheering the move.
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