Overview
- RGTI jumped more than 15% intraday on Oct. 23 after a Wall Street Journal report said the Trump administration was considering taking equity stakes in quantum firms.
- The U.S. Department of Commerce said there are no active negotiations to invest in quantum‑technology companies.
- The Wall Street Journal also reported that a Rigetti representative confirmed the company has engaged the government regarding funding.
- Pro‑investment analysis argues federal backing would validate the technology, de‑risk the sector, and attract institutional capital, positioning quantum as a strategic priority.
- Skeptics, including Jim Cramer, highlight declining revenues, heavy losses, and a reported $2.8 million insider sale, even as RGTI remains up sharply year to date and holds partnerships with AWS, NASA, and Deloitte alongside a reported cash balance above $500 million.