RGTI Stock Jumps As Benchmark Hikes Price Target And NSF Deal Lands

Rigetti Computing Inc. (RGTI) stock has surged by 8.39% due to strong investor optimism. This rise is fueled by Benchmark initiating coverage with a Buy rating and a $25 price target, and a new NSF-funded TangleLab partnership integrating Rigetti's 9-qubit Novera system into a supercomputing testbed. The company, an early-stage quantum computing pure-play, also benefits from potential CHIPS Act funding, driving significant market attention despite its current high valuation and operating losses.