Quantum Stock Surge: Why Rigetti (RGTI) and Sector Peer Stocks Are Skyrocketing Rigetti Computing (RGTI) stock surged following record government investments, including a $100 million grant from the CHIPS and Science Act, aimed at commercializing quantum technology. The company also announced its commercially viable Cepheus-1-108Q quantum processor and secured an international order, despite a highly speculative valuation. Nvidia CEO Jensen Huang’s renewed support for quantum computing, through initiatives like the open-source AI tool Ising and NVQLink technology, further bolsters the sector's momentum and potential for rapid development. Analysts maintain a Buy rating on RGTI with a $30 price target. TradingKey - There's a trade that's been lighting up the market lately. One of those trades is none other than Rigetti Computing (NASDAQ: RGTI). After being trapped in a tight consolidation through mid-May, this stock jumped 30% in one day to $22.10. This wasn't an isolated event, however. Quantum stocks continue building momentum on the back of three main catalysts: record government investments, rapid movement towards commercialization, and a turn-around from the most influential semiconductor executive in the world. Analysts covering RGTI rate the stock Buy, with an average price target of $30, or a 40% premium over current levels. Image source: Tipranks Three Reasons Why Quantum Stocks Are Rising Today It's not just Rigetti – other pure play quantum computing stocks like IonQ (IONQ), D-Wave Quantum (QBTS), and Infleqtion are on fire too. There's a good reason for that – this rally isn't a squeeze or meme rally. Here are the three main catalysts responsible for the recent surge in quantum computing stocks: 1. Government Makes Record Investments in Quantum Computing The first catalyst came in the form of a headline that broke on May 21. Specifically, the Trump Administration declared $2 billion to be distributed by way of Commerce