Today my stock in focus is $Rigetti Computing(RGTI)$ after the quantum computing name exploded nearly 30% higher following a major policy catalyst from Washington. The Trump administration reportedly plans to award up to $2 billion in grants across nine quantum computing companies, with Rigetti expected to receive around $100 million in funding in exchange for government equity stakes. Markets are interpreting this as a strong signal that quantum computing is now viewed as a strategic national priority alongside AI and semiconductors. What stands out is that this is no longer just speculative hype around futuristic technology. The U.S. government is now directly tying capital, ownership, and national security interests into the quantum
US government grants $2 billion to nine quantum computing companies and gets equity
The U.S. government announced that it will allocate $2 billion to nine quantum computing companies, IBM will receive $1 billion, and Global Foundries will receive $375 million. The government will receive equity support to promote the development of quantum computing industry.