Rigetti Computing Shares Rise After Securing $100M in CHIPS Act Funding
Shares of Rigetti Computing (NASDAQ: RGTI) surged on September 8, 2026, after the quantum computing firm announced it had secured a $100 million investment under the CHIPS Act. The funding comes from the U.S. Department of Commerce in exchange for a minority equity stake and is intended to accelerate research into superconducting quantum computers. The government's interest marks another step toward supporting emerging technologies, following previous investments in traditional chipmakers like Intel (INTC) and GlobalFoundries (GFS). Rigetti currently has minimal revenue—$5.1 million reported for the second quarter—and remains a speculative stock despite this funding boost. While the investment won't immediately turn Rigetti into a profitable business, it is seen as positive news that could help advance its technology toward commercial viability.
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Topics: CHIPS Act government funding quantum computing Rigetti Computing