Rigetti (NASDAQ:RGTI) drops after brief spike, Trump 2028 drive fails to sway market
Rigetti Computing shares fell in late-morning trade Tuesday, erasing earlier gains. The White House set a 2028 goal for building a top-tier quantum computer and announced steps to protect U.S. systems from quantum threats. Rigetti was down 0.6% at $21.25 at 11:49 a.m. EDT. It had reached $22.55 earlier. The fade comes as Washington gives new dates and funding for quantum computing, pushing a field that investors have mostly seen as years away. Quantum computers rely on quantum physics to handle information and could outpace today’s supercomputers on some tough problems, though actual commercial uses are still taking shape.