Rigetti Computing's stock soared 5.63% during intraday trading on Thursday, marking a significant recovery after recent declines.

The intraday rise is characterized as a technical rebound following a period of sharp correction. The stock had experienced consecutive pullbacks, including a notable decline in pre-market trading, which created conditions for a bounce as short-term selling pressure eased.

The medium-term catalyst from recent U.S. government policy supporting quantum computing continues to provide underlying support for the stock. The U.S. Commerce Department recently announced approximately $2 billion in funding for quantum computing companies, with Rigetti expected to receive a portion of this investment.