Movement Alert｜Rigetti Computing Rises 5.28% in Regular Trading, Quantum Policy Momentum Continues After Trump Executive Order

Market Focus06-29 21:43

On June 29, Rigetti Computing rose 5.28% in regular trading, trading at $19.65/share, with turnover of $73.08 million. The stock appears to be recovering from a 5.07% decline on June 26 as quantum computing policy tailwinds persist.

On the news front, the quantum computing sector continues to benefit from President Trump's executive order signed on June 23, which aims to accelerate quantum research and establish a foundation for federal agencies to adopt the technology, with a target of producing a scientifically significant quantum computer by 2028. This followed the Commerce Department's announcement of over $2 billion in funding for quantum computing companies, including plans to acquire equity in Rigetti Computing proportional to the funding provided. The broader quantum sector rallied on June 23, with Rigetti gaining over 4% alongside peers such as D-Wave Quantum and IonQ.

Within the Semiconductors sector, performance was mixed. Among individual stocks, NVIDIA up 1.04%, Advanced Micro Devices up 1.10%, Marvell Technology up 0.47%, while Micron Technology fell 3.84% and Intel declined 3.53%.

(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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