Shares of Rigetti Computing (NASDAQ:RGTI) are soaring 5.04% in Tuesday's intraday trading, building on the momentum from Monday's gains in the quantum computing sector. The surge comes amid continued speculation about potential government support for key quantum firms and increased attention on the industry.

The quantum computing sector, including Rigetti, has been in the spotlight following reports that the Trump administration was considering taking equity stakes in strategic quantum companies. Although the Commerce Department clarified it was "not currently negotiating" such stakes, the news has highlighted the potential for government support in the industry. This has put speculative names like Rigetti in focus as they compete with established giants like IBM.

Adding to the sector's momentum, Nvidia's ongoing GTC event in Washington D.C. this week is expected to feature discussions on several key topics, including quantum computing. This has likely contributed to the increased investor interest in quantum stocks like Rigetti. The company's strong recent price trend is reflected in its nearly perfect Momentum score of 99.85, according to Benzinga Edge Rankings.

Investors are now turning their attention to Rigetti's upcoming third-quarter earnings report, scheduled for November 10 after market close. Wall Street analysts project a net loss of 4 cents per share on revenue of $2.26 million, representing a slight sequential dip from the prior quarter's revenue of $2.38 million. The earnings report could provide further insight into the company's performance and future prospects in the competitive quantum computing landscape.