Rigetti Computing (RGTI) Stock Is Surging Thursday: What's Going On?

Shares of Rigetti Computing Inc (NASDAQ:RGTI) are surging Thursday morning amid reports suggesting the Trump administration is exploring taking equity stakes in several U.S. quantum computing firms.

What To Know: The potential federal investment, reportedly starting at $10 million per funding award, is a significant catalyst for RGTI and quantum computing peers. Such a move could serve as a government endorsement, validating Rigetti’s technology and potentially its strategic importance to national security. A direct capital injection could also fuel crucial research and development while de-risking the company for private investors, signaling stability and long-term support.

This news has overshadowed recent market headwinds, including a sell-off on Wednesday triggered by fears of potential U.S. export restrictions on quantum technology to China. The prospect of government backing has renewed investor optimism, highlighting the administration’s intent to foster domestic leaders in the global quantum race.

Benzinga Edge Rankings: Thursday’s bullish sentiment is further quantified by the stock’s exceptional Benzinga Edge Momentum ranking of 99.86.

RGTI Price Action: Rigetti Computing shares were up 8.54% at $39.14 at the time of publication on Thursday, according to Benzinga Pro data.

Read Also: Jim Cramer Calls It ‘Ironic’ That IBM Slides Despite ‘Most Advanced Quantum Product’ As Trump-Linked Rivals IONQ, RGTI, QBTS Soar

How To Buy RGTI Stock

By now you’re likely curious about how to participate in the market for Rigetti Computing – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Rigetti Computing, which is trading at $39.14 as of publishing time, $100 would buy you 2.55 shares of stock.

If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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