Rigetti Computing shares are trading higher after the company announced it signed a Letter of Intent with the U.S. Department of Commerce for $100 million to accelerate superconducting quantum computing R&D.

Rigetti Computing, Inc.

Rigetti Computing, Inc.

RGTI

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Rigetti Computing shares are trading higher after the company announced it signed a Letter of Intent with the U.S. Department of Commerce for $100 million to accelerate superconducting quantum computing R&D.