On July 2, Rigetti Computing rose 5.17% in regular trading, trading at $19.645/share, with turnover of $106 million. The stock continues its upward momentum following a series of policy tailwinds for the quantum computing sector.

On the policy front, President Trump signed an executive order on June 23 aimed at accelerating quantum computing research, laying the groundwork for federal agencies to adopt the technology and strengthening national cybersecurity defenses. White House officials stated they believe a quantum computer capable of significant scientific calculations can be developed by 2028. This follows the Commerce Department's earlier announcement in May to provide over $2 billion in funding to nearly a dozen quantum computing companies in exchange for non-controlling equity stakes, including a direct equity arrangement with Rigetti matching the funding amount provided. Rigetti surged 31% on that initial May announcement.

Within the Semiconductors sector, Intel rose 1.09%, NVIDIA gained 0.66%, Micron Technology added 0.46%, while Advanced Micro Devices fell 0.31% and Marvell Technology declined 1.42%.

(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.)