Rigetti Computing Inc. (RGTI) shares rose over 5% in pre-market trading. The stock gained momentum on September 23 following IonQ Inc.’s NVIDIA partnership. IonQ will install a quantum processor at an NVIDIA research center.
Rigetti is currently working to improve the coherence times of its quantum systems. The company is eligible for up to $100 million in U.S. CHIPS and Science Act funding. This potential capital would support ongoing research and development efforts.