On May 28, Rigetti Computing rose 5.71% in regular trading, trading at $25.94/share, with trading volume of approximately $759 million.

On the news front, the rebound follows a period of significant correction after the stock surged over 50% between May 21 and May 22, driven by the U.S. Commerce Department announcing approximately $2 billion in equity investments across nine quantum computing companies, with Rigetti expected to receive around $100 million in funding. The stock subsequently pulled back 6.65% on May 26 in regular trading and declined over 5% in pre-market trading on May 28, accumulating a notable short-term retracement.

The intraday recovery is characterized as a technical bounce following the sharp correction, with the medium-term quantum computing policy catalyst continuing to provide underlying support. Within the Semiconductors sector, performance was mixed, with Micron Technology up 0.46%, AMD up 2.89%, while NVIDIA fell 0.15%, Marvell Technology fell 1.26%, and Intel fell 1.98%.

(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.)