Rigetti and Quantum Peers Soar on Government Funding and Nvidia Backing

The quantum computing sector is experiencing a surge in growth, with Rigetti (RGTI) leading the pack. In May, the stock jumped 30% to $22.10 after being trapped in a tight consolidation through mid-May.

This rally isn't just isolated to RGTI; other pure-play quantum computing stocks like IonQ (IONQ), D-Wave Quantum (QBTS), and Infleqtion are also on fire.

The three main catalysts driving this growth include record government investments, rapid movement towards commercialization, and a turn-around from the most influential semiconductor executive in the world, Nvidia's CEO Jensen Huang.