Rigetti Computing, Inc. (NASDAQ:RGTI) shares were little changed Tuesday as investors weighed macro headlines and fresh contract news.
Quantum-linked stocks slipped with the broader market after President Trump flagged new tariffs set to take effect Feb. 1.
Trump said eight European countries would face a 10% levy on shipments to the U.S. He also escalated rhetoric about making Greenland a U.S. territory.
What Rigetti Won
Rigetti Computing said its India unit has secured an $8.4 million purchase order from the Centre for Development of Advanced Computing (C-DAC), an agency under India's Ministry of Electronics and Information Technology, to supply a 108-qubit quantum computer.
The system will be installed on premises at C-DAC's Bengaluru center, with deployment scheduled for the second half of 2026. Rigetti said the machine will integrate into a supercomputing data-center environment, enabling hybrid classical-quantum workflows for research users.
Technology Angle
Rigetti said the machine uses its chiplet-based architecture.
The company tied that design to its roadmap for scaling qubit counts for error correction.
“Our open and modular architecture enables the hands-on R&D and innovation C-DAC requires to bring hybrid classical-quantum supercomputing to their community of scientific and industrial partners,” says Subodh Kulkarni, Rigetti CEO.
Existing Ties
Rigetti said the order builds on its existing relationship with C-DAC, following a memorandum of understanding signed in September 2025 focused on co-developing hybrid classical-quantum systems. Peers in the quantum computing space include IonQ, Inc. (NYSE:IONQ) and D-Wave Quantum Inc. (NYSE:QBTS).
RGTI Price Action: Rigetti Computing shares are trading higher by 2.22% to $26.09 at last check on Tuesday.
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