Shares of Rigetti Computing (NASDAQ: RGTI) are rising on Friday, up 15.4% as of 2:59 p.m. ET. The jump comes as the S 500 and the Nasdaq Composite gained 0.3% and 0.4%, respectively.

The quantum computing stock continues to ride momentum from a federal contract win announced yesterday.

The company announced that it has secured a $5.8 million, three-year contract from the Air Force Research Laboratory, focusing on quantum networking technology.

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Source Fool.com