Why Rigetti Computing Is Skyrocketing This Week
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Rigetti Computing's stock surged 49.4% this week, significantly outperforming the S&P 500 and Nasdaq. The rise follows the Federal Reserve's 25 basis point interest rate cut, which typically favors speculative stocks. Additionally, Rigetti secured a $5.8 million contract with the Air Force Research Laboratory to advance quantum computing technologies, further boosting investor confidence. The potential for increased government investment in quantum technology also contributed to the stock's bullish momentum.
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