**RGTI (Rigetti Computing) and QBTS (D-Wave Quantum) are both gapping up strongly today.**
### Main Reason (Shared Catalyst)
The surge is driven by fresh reports and announcements about **major U.S. government support** for quantum computing companies:
- The Trump administration is reportedly planning a **$2 billion quantum computing initiative**, including direct funding, grants, and potential equity stakes in select U.S. quantum firms.
- Both **RGTI** and **QBTS** are among the companies mentioned as beneficiaries (along with others like IONQ).
- Specific updates include:
- D-Wave (QBTS) signed a **Letter of Intent (LOI)** for **$100 million** in CHIPS Act funding.
- Rigetti (RGTI) also received positive mentions regarding government research partnerships and funding.
This is classic **sector-wide momentum** in the quantum computing space, fueled by national security and technological competitiveness themes (U.S. vs. China in quantum).
### Additional Context
- Quantum stocks have been volatile but are highly sensitive to government funding news, especially under the current administration’s pro-domestic-tech stance.
- Both companies have been highlighting strong bookings growth and commercial progress recently, which adds to the positive sentiment.
These are **high-risk, high-reward speculative names** — they can move violently on headlines like this.
Buyable Gap Up - RGTI QBTS
| Published: | 21 May 2026 09:34 ET |
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