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Rigetti Computing has signed a definitive agreement with the US Commerce Department for a $100 million grant under the CHIPS Act, converting a previously announced letter of intent into a binding commitment. The funds will finance three R&D projects: miniaturization and integration of readout electronics, expansion of cryogenic capacity through a new cryostat architecture, and development of manufacturing capacity for highly connected chip architectures. As a condition, the Commerce Department will take a non-controlling minority stake, signaling long-term government support for the technology roadmap. The announcement did not temper an already neutral market environment and triggered a premarket share rise, while NEC’s withdrawal from gate-based hardware development reduced competitive pressure in the international hardware market. » More on de.investing.com

Rigetti Computing reported Q2 revenue of $5.13 million (+183% y/y) and an adjusted loss of $0.05 per share, thus meeting analyst expectations. Gross margin improved to 43%, but operating expenses increased to $30.3 million, resulting in higher operating and net losses. The company holds $541.3 million in cash, is debt-free, and anticipates further system deliveries and fidelity improvements through the end of 2026. Investors reacted negatively to the high costs and the long time horizon for a commercial quantum advantage; the stock fell about 5.6% in after-hours trading. » More on de.investing.com

Rigetti Computing will release its results for the quarter ended June 30, 2026, on August 6, 2026. Analyst consensus forecasts show a quarterly loss per share of -$0.046 (prior year: -$0.130) on average revenue of $5.1 million (prior year: $1.8 million). For the fiscal year, analysts on average expect a loss per share of -$0.185 (prior year: -$0.700) and revenue of $23.6 million (prior year: $7.1 million). » More on finanzen.net

Rigetti expands cooperation with HPE and the Pittsburgh Supercomputing Center for a hybrid quantum supercomputer. Benchmark initiates coverage with a buy recommendation and a $25 price target, which, together with a significant price jump on July 27, is driving the stock. Additional U.S. financing and expansions at AWS sustainably strengthen the company’s commercial reach. » More on finanzen.net

Rigetti Computing shares jumped about 7.7% intraday after a rival, D‑Wave, announced AT&T will use its quantum annealing technology, a development that could signal broader telecom interest in quantum solutions. Benchmark initiated coverage of Rigetti with a buy rating and a $25 price target, citing a non‑winner‑takes‑all outlook for quantum technologies. Analysts warn the sector remains several years from profitability and recommend a diversified, portfolio approach to investing in quantum stocks. » More on finance.yahoo.com