After Receiving $100 Million From the Trump Administration, Is Rigetti Computing Stock a Screaming Buy?

Rigetti Computing received $100 million in CHIPS Act funding from the Department of Commerce as part of a $2 billion quantum computing investment across nine companies. While the government support provides strategic credibility and non-dilutive capital for R&D milestones, the company's extremely high valuation (P/S ratio of ~700) relative to its modest $10 million in trailing sales and ongoing operating losses make it a risky investment despite the funding boost.