Why Rigetti Computing Stock Keeps Going Up
Yesterday, as you've probably heard, The Wall Street Journal reported on a Trump Administration plan to award $2 billion to nine quantum computing companies -- Rigetti Computing (NASDAQ: RGTI) among them -- and to take government equity stakes in the companies in return. Rigetti shares started moving one day before the announcement was made, then rocketed higher yesterday -- and higher again today.
Up 18% through 10:55 a.m. Friday morning, Rigetti shares have gained an astounding 63% in just three days of trading, and investors are wondering: Is any price too high to pay for this quantum computing stock?
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Source Fool.com
