Rigetti Computing Shares Surge Amid Tech Rally
Rigetti Computing (NASDAQ: RGTI) saw its shares increase by 18.3% on Friday, driven by a broader tech market rally rather than specific company news.
The gains occurred after a challenging week for the tech-heavy Nasdaq Composite, which had dropped nearly 4.5% before rebounding to finish the day up 2.1%. Key factors influencing the market include increased capital expenditure forecasts from major tech companies: Alphabet plans to spend $175 billion to $185 billion in 2026, Amazon $200 billion in 2023, and total infrastructure spending from major players is projected to exceed $560 billion by 2026.
