The Quantum Computing Rush: Is Rigetti's Skyrocketing Stock Justified? The recent surge in Rigetti Computing's stock price has left investors wondering if they're buying into a hype or a genuine opportunity.
Since March 1, the company's shares have skyrocketed by 63%, fueled in part by the U. S. Department of Commerce announcing plans to award $2 billion to nine quantum computing companies, including Rigetti.
The Trump Administration's plan to support and accelerate critical research and manufacturing of technologies for the quantum ecosystem is a significant development.