Rigetti Computing (RGTI) Stock Is Trading Higher Friday: What's Going On?

Shares of Rigetti Computing Inc (NASDAQ:RGTI) are continuing their upward trajectory Friday morning, building on Thursday’s surge. Here’s what investors need to know.

What To Know: 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.

This prospect of direct federal investment is a major catalyst, signaling a potential government endorsement of Rigetti’s technology and its strategic importance. Such a move could de-risk the company for private investors and provide crucial capital for research and development.

Further bolstering the stock is a broader market upswing, as cooling inflation data released Friday morning has increased investor hopes for a Federal Reserve rate cut. The combination of company-specific news and positive market sentiment has propelled Rigetti’s stock higher.

Benzinga Edge Rankings: Underscoring Friday’s surge, Benzinga Edge data shows RGTI with a nearly perfect Momentum score of 99.89.

RGTI Price Action: Rigetti Computing shares were up 5.96% at $41.95 at the time of publication on Friday, according to Benzinga Pro data.

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How To Buy RGTI Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rigetti Computing’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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