Rigetti Computing ( (RGTI) ) has risen by 58.97%. Read on to learn why.
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High conviction RGTI bulls now have this Tradr ETFRigetti Computing shares have soared 58.97% over the past week, as investors piled into quantum computing names following news of a major U.S. government funding push. The Trump administration is preparing to direct $2 billion into the sector under the CHIPS and Science Act, with Rigetti expected to receive up to $100 million over three years. That prospective capital injection has helped shift sentiment sharply, with the stock repeatedly featuring among the market’s top gainers in recent sessions.
Beyond the funding headlines, Rigetti has also impressed with its latest operating updates. The company reported first-quarter revenue of $4.4 million, roughly triple last year’s level and ahead of Wall Street expectations, underscoring early commercial traction for its superconducting quantum technology. A key milestone was the launch of its 108‑qubit Cepheus‑1 system, which analysts say marks another step on Rigetti’s long‑term roadmap toward larger, more capable quantum machines.
Analysts have largely endorsed the rally, even as they flag the risks tied to execution and potential shareholder dilution from the government deal. Rosenblatt’s John McPeake reiterated a Buy rating and a $40 price target, while Craig‑Hallum noted that federal funding should reduce financial risk by supporting Rigetti’s R&D plans. Options activity has turned unusually bullish, with heavy call buying and elevated implied volatility, signaling that traders are betting the recent surge in Rigetti Computing’s stock may have further room to run as quantum computing stays in the spotlight.