🟢 Rigetti Computing Inc surges 4.3% on potential $100M CHIPS Act funding and new 108-qubit processor launch

Rigetti Computing Inc is trading at $20.54 (+4.32%) after announcing two significant catalysts, rebounding from a recent selloff.

• The company announced a non-binding agreement with the U.S. Commerce Department for up to $100 million in funding under the CHIPS Act, which may include a minority equity stake for the government.
• Rigetti also launched its 108-qubit Cepheus 1 quantum processor, making it broadly available on major cloud platforms like Amazon Braket and Microsoft Azure Quantum.