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Market Impact: 0.42
Rigetti Stock Rallies on $100 Million Funding Deal
Source: schaeffersresearch.com
Technology & InnovationFiscal Policy & BudgetInfrastructure & Defense
Rigetti Computing shares rose 6.3% to $16.15 after the quantum-computing company announced an agreement with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding. The potential federal funding supports Rigetti's technology development and is a material positive catalyst for the company.
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