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Quantum computing stocks are cratering Monday morning with no company news to blame, and the real culprit stretches far beyond Silicon Valley to a chokepoint in the Middle East that is rattling the entire risk landscape.
In the most recent trading session, Rigetti Computing, Inc. (RGTI) closed at $16.54, indicating a -2.65% shift from the previous trading day.
Rigetti Computing has become one of quantum computing's biggest market darlings, but its lofty valuation, shrinking revenue, and continued share dilution could set the stage for a painful second-half pullback.
In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $18.68, marking a -3.31% move from the previous day.
Quantum computing is the future, says President Trump. But will the future come soon enough for Rigetti?
IonQ and Rigetti face rising macro pressure despite strong execution, with rich valuations and higher rates clouding the near-term outlook.
RGTI stock plunges as Quantinuum's Nasdaq debut resets quantum valuations, sharpening focus on rivals' growth, tech and commercialization.
Yesterday's Broadcom sell-off is spreading beyond AI stocks today, and infecting everything tech.
Rigetti Drops on Heavy Insider Selling From Chief Technology Officer
From SpaceX to Anthropic, the pipeline of blockbuster initial public offerings is moving fast. The Honeywell -backed upstart is slated to go public on Thursday, according to Nasdaq, meaning the IPO likely will be priced later Wednesday.
Rigetti Computing (NasdaqCM:RGTI) has signed a letter of intent with the U.S. Department of Commerce for up to US$100 million in CHIPS Act funding. The funding is intended to support superconducting quantum computing development over multiple years. As part of the arrangement, the U.S. government is expected to receive an equity stake in Rigetti. Rigetti focuses on superconducting quantum computers and related software, aiming to make quantum hardware usable through cloud and hybrid quantum...
IonQ (NYSE:IONQ) shares are down roughly 7%, D-Wave Quantum (NYSE:QBTS) stock is off 8%, and shares of Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT) are dropping 10%. No single company-specific catalyst is driving the move. All four names reported earnings over the past two weeks with strong revenue growth and bullish commentary, fueling a sector ... IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking
The quantum computing complex is taking a sharp hit Friday afternoon, with all four major U.S.-listed pure-play names selling off in unison. IonQ (NYSE:IONQ) is down 9% intraday to roughly $52.50, while Quantum Computing Inc. (NASDAQ:QUBT) is the worst performer of the group as it’s down 9% to $10.71. D-Wave Quantum (NYSE:QBTS) is off 7% ... Quantum Computing Stock Shock: IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Fall 6% to 9%
With earnings due this week for several quantum computing stocks, Rigetti's Q1 revenue came in slightly above views.
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