Rigetti Computing Stock Surges on CHIPS Act Funding Announcement
Rigetti Computing (NASDAQ: RGTI) stock surged over 21% in Friday trading following an announcement that it has signed a letter of intent with the U.S. Department of Commerce for up to $100 million under the CHIPS and Science Act. The funding will support Rigetti's quantum computing development, signaling strong government backing for the sector.
Topics: CHIPS Act funding quantum computing Rigetti Computing stock price