Quantum computing co Rigetti climbs on $100 million US government deal - RGTI News | RalliesQuantum computing co Rigetti climbs on $100 million US government deal
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RGTI• Rigetti rises after U.S. government deal
- Quantum computing co Rigetti Computing's RGTI.O shares rose 5.5% to $16.04 in premarket trading.
- RGTI signed a $100 million agreement with the U.S. government to accelerate superconducting quantum computing R&D.
- The U.S. Department of Commerce will receive a minority equity stake in Rigetti under the deal.
- Nine of 13 brokerages rate the stock "buy" or higher, and four rate it "hold"; their median price target is $30.
- As of the last close, the stock was down 31.4% year to date.
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