Movement Alert｜Rigetti Computing Rises 5.17% in Regular Trading, Semiconductor Sector Strength and Quantum Computing Policy Tailwinds Provide Support

Market Focus06-23

On June 23, Rigetti Computing rose 5.17% in regular trading, trading at $22.295/share, with turnover of $563 million.

On the news front, the U.S. Department of Commerce previously announced approximately $2 billion in total investment across nine quantum computing companies, with Rigetti receiving roughly $100 million. This policy support, coupled with IBM's $10 billion quantum computing investment plan, continues to provide medium-term valuation support for the stock.

The broader semiconductor sector strengthened on the session, with Micron Technology up 5.26%, Intel up 4.5%, and Advanced Micro Devices up 1.54%. Rigetti had previously pulled back from its May 22 high due to executive Rivas David's planned sale of approximately 499,000 shares and capital diversion following Quantinuum's public listing. After declining to a June 9 low of $20.53, oversold recovery momentum has continued to build in recent sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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