🟢 Defiance Daily Target 2X Long RGTI ETF is trading 6.9% up today as Rigetti announces 108-Qubit processor launch and potential $100M in CHIPS Act funding

Defiance Daily Target 2X Long RGTI ETF is trading 6.9% higher as its underlying stock, Rigetti Computing (RGTI), rebounds sharply on significant company-specific news.

• Rigetti announced the launch of its 108-qubit Cepheus 1 quantum processor for broad access on major cloud platforms.
• The company also announced a non-binding agreement with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding, which could include the government taking an equity stake.
• The positive news follows a steep selloff in the prior session, and the ETF's 2x daily leverage is amplifying the underlying stock's rebound.