Rigetti Computing Inc. (NASDAQ:RGTI) stock climbed nearly 8% on Tuesday as investors returned to higher-risk technology stocks during a broad market rally.
The Nasdaq gained 1.95%, while the S&P 500 rose 0.88%. The Technology sector led all 11 sectors with a 2.82% advance, reflecting strong demand for growth stocks.
Rigetti Computing Joins Technology Sector Rally
Rigetti’s gains appeared to mirror the broader shift toward riskier technology names. Positive market breadth, with eight sectors advancing and three declining, supported the move.
The stock also benefited from a rebound after a recent selloff. Even so, Tuesday’s rally looks more like a bounce from depressed levels than a confirmed trend reversal.
