Rigetti Computing Shares Surge on JPMorgan’s Quantum Computing Investment Plan
Rigetti Computing (RGTI) shares jumped nearly 10% this week following JPMorgan Chase's announcement of a $10 billion investment initiative targeting sectors critical to U.S. national economic security. Quantum computing was explicitly named among 27 subareas for potential funding.
The bank's MOVE signals growing institutional recognition of quantum computing's transformative potential. "It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources," said CEO Jamie Dimon, highlighting the strategic importance of domestic technological advancement.
Rigetti's market performance reflects extreme Optimism about quantum computing's future. The stock has delivered a 5,100% return over the past year, catapulting its market capitalization to $16.85 billion despite minimal current revenue.
