On July 15, Rigetti Computing rose 5.34% in regular trading, trading at $16.145/share, with turnover of $213 million. The stock gained alongside broad strength in the semiconductor sector, supported by ongoing policy tailwinds for quantum computing.

On the policy front, President Trump signed an executive order in late June aimed at accelerating quantum research, laying the groundwork for federal adoption of the technology and setting a target of producing a scientifically capable quantum computer by 2028. Additionally, the Commerce Department earlier announced plans to provide over $2 billion in funding to a group of quantum computing companies in exchange for non-controlling equity stakes, with Rigetti Computing confirmed as a recipient whose equity allocation will match the funding amount provided.

Within the Semiconductors sector, stocks broadly advanced. Among individual names, Micron Technology rose 5.31%, Advanced Micro Devices gained 4.06%, Intel climbed 4.01%, NVIDIA added 3.85%, and Taiwan Semiconductor Manufacturing rose 0.38%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)