On June 2, Rigetti Computing rose 5.74% in regular trading, trading at $26.63/share, with trading volume of $483 million. The stock rebounded sharply after several sessions of profit-taking pressure following its 50%+ surge in late May.

On the news front, IBM announced plans to invest over $10 billion in quantum computing over the next five years, targeting delivery of the world's first large-scale fault-tolerant quantum computer by 2029. The plan includes launching the world's first pure quantum wafer foundry named Anderon, backed by US Commerce Department support, with $1 billion in cash and substantial intellectual property and assets committed. This major catalyst lifted quantum computing stocks broadly, with Rigetti benefiting as a representative company in the space.

Notably, Rigetti had previously surged over 50% on May 21-22 after the US Commerce Department announced approximately $2 billion in investments across nine quantum computing companies, with Rigetti expected to receive around $100 million. The stock subsequently pulled back amid profit-taking and a Form 144 filing by executive Rivas David indicating plans to sell 499,328 shares worth approximately $12.68 million. Today's IBM-driven rally marks a resumption of upward momentum supported by continued policy tailwinds in the quantum computing sector.

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