On June 11, Rigetti Computing rose 5.12% in regular trading, trading at $20.30/share, with turnover of $552 million. The stock continued its recovery after a prolonged pullback from its May 22 high, supported by a broad semiconductor sector rebound and sustained quantum computing policy tailwinds.

The stock had previously surged over 50% on May 21-22 after the U.S. Commerce Department announced approximately $2 billion in funding for nine quantum computing companies, with Rigetti receiving around $100 million. However, the rally was followed by sustained selling pressure driven by executive Rivas David filing to sell approximately 499,328 shares worth $12.68 million, Quantinuum's listing diluting Rigetti's scarcity premium as a pure-play quantum stock, and systematic semiconductor sector weakness. The stock dropped to a low of $20.53 on June 9.

The current rebound reflects technical oversold repair momentum combined with semiconductor sector recovery. Within the sector, Intel rose 6.96%, Marvell Technology gained 6.63%, Micron Technology advanced 5.53%, and AMD climbed 4.9%. Mid-term policy support from the Commerce Department funding and IBM's $10 billion quantum computing investment plan continues to underpin valuation.

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