Shares of Rigetti Computing (NASDAQ: RGTI) surged 5.04% in Tuesday's trading session, continuing the momentum from Monday's gains in the quantum computing sector. The stock's rise comes amid increased attention on quantum computing companies and ongoing industry events.

The quantum computing sector has been in the spotlight following recent reports that the Trump administration was considering taking equity stakes in key quantum firms to enhance national security and competitiveness. Although the Commerce Department clarified it was "not currently negotiating" such stakes, the news has highlighted potential strategic government support for the industry, benefiting speculative names like Rigetti 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 increased investor interest in quantum computing 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 release after market close on November 10, 2025. 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 previous quarter's revenue of $2.38 million. The upcoming earnings report may provide further insight into the company's performance and future prospects in the competitive quantum computing landscape.