Movement Alert｜Rigetti Computing Rises 5.14% in After-Hours Trading, Quantum Computing Policy Tailwinds Support Oversold Recovery

Market Focus06-23

On June 23, Rigetti Computing rose 5.14% in after-hours trading, trading at $22.31/share, with turnover of $37.55 million. The stock had already gained 5.17% during the regular session before extending its momentum into after-hours.

On the news front, the U.S. Department of Commerce previously announced approximately $2 billion in aggregate investment directed at nine quantum computing companies, with Rigetti securing roughly $100 million of that allocation. This policy commitment, combined with IBM's $10 billion quantum computing investment plan, continues to provide medium-term valuation support for the sector.

The stock had pulled back steadily from its May 22 highs following executive Rivas David's Form 144 filing indicating plans to sell approximately 499,000 shares valued at around $12.68 million, alongside capital diversion caused by Quantinuum's public listing diluting Rigetti's scarcity premium as a pure-play quantum computing name. Since hitting a low of $20.53 on June 9, oversold recovery momentum has been steadily building, with the stock posting multiple sessions of gains exceeding 5%.

(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.)

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