• Rigetti Computing announced a strategic collaboration with Hewlett Packard Enterprise (HPE) and the Pittsburgh Supercomputing Center to build a new hybrid quantum-classical supercomputer, funded by a $5 million National Science Foundation grant.
  • Benchmark initiated coverage on Rigetti Computing with a Buy rating and a $25.00 price target, expressing a bullish view on the quantum computing sector.
  • The stock is also benefiting from continued investor interest related to a $100 million CHIPS Act letter of intent signed in May.