Overview

• Rigetti won a three-year, $5.8 million Air Force Research Laboratory contract to advance superconducting quantum networking with Dutch partner QphoX, aiming to link multiple quantum processors.
• Rigetti shares jumped to a new high with double-digit intraday gains, while peers also advanced, including D‑Wave (+8%), IonQ (+6%) and Quantum Computing Inc. (+5%) during the session.
• IonQ signed a memorandum of understanding with the Department of Energy to design and execute an orbital demonstration of quantum‑secure communications, reinforcing investor optimism.
• D‑Wave hit a 52‑week high, with gains helped by a report that the administration is considering an expanded national quantum strategy and by company updates on Asia‑Pacific bookings and collaborations.
• Rigetti highlighted technical progress with 99.5% median two‑qubit gate fidelity on its 36‑qubit system and a goal to bring similar fidelity to a 100‑plus‑qubit system by year‑end, while analyst coverage lifted Quantum Computing Inc. with a new buy rating.