Rigetti Computing Stock Surges
Shares of Rigetti Computing Inc (NASDAQ:RGTI) are continuing their upward trajectory, building on Thursday's surge.
The rally is primarily fueled by reports that the U.S. government is considering taking equity stakes in key quantum computing firms, with Rigetti named as a potential candidate.
- Potential government endorsement of Rigetti's technology
- Strategic importance of the company
- De-risking for private investors
- Crucial capital for research and development
A broader market upswing, driven by cooling inflation data, has also increased investor hopes for a Federal Reserve rate cut.
The prospect of direct federal investment is a major catalyst
Author's summary: Rigetti Computing stock rises on potential US government investment.
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