On June 23, Rigetti Computing rose 5.14% overnight, trading at $22.43/share, with turnover of $7,199.93. The stock had already gained 5.17% during regular trading hours before extending its strength into the after-hours session.

On the news front, the U.S. Department of Commerce previously announced approximately $2 billion in aggregate investment across nine quantum computing companies, with Rigetti securing roughly $100 million in funding. Additionally, IBM's $10 billion quantum computing investment plan continues to reinforce medium-term policy support for the sector's valuation framework.

The stock had pulled back from its May 22 high following executive Rivas David's Form 144 filing indicating planned divestiture of approximately 499,000 shares valued at around $12.68 million, compounded by Quantinuum's public listing diluting Rigetti's scarcity premium as a pure-play quantum computing name. Recent sessions have seen sustained release of oversold recovery momentum as selling pressure has been progressively absorbed.

(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.)