University of Kwazulu-Natal

Rigetti Computing How Rgti Stock Falls To 2 Forbes

Bonisiwe Shabane
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rigetti computing how rgti stock falls to 2 forbes

Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth. Yet for those new to the quantum sector, the ride has been brutal. On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains.

This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems. The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing. Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time.

Rigetti Computing, Inc. (RGTI Quick QuoteRGTI - Free Report) closed at $38.84 in the latest trading session, marking a -1.91% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.79% for the day. Meanwhile, the Dow gained 1.01%, and the Nasdaq, a tech-heavy index, added 1.15%. Shares of the company have appreciated by 23.35% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.2%, and the S&P 500's gain of 1.27%. The investment community will be closely monitoring the performance of Rigetti Computing, Inc.

in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.05, marking a 37.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.39 million, reflecting a 0.42% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.09 per share and revenue of $8.67 million, which would represent changes of +75% and -19.65%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. Recent revisions tend to reflect the latest near-term business trends.

Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Shares of Rigetti Computing Inc. (NASDAQ:RGTI) slipped Monday after B. Riley Securities analyst Craig Ellis downgraded the stock from Buy to Neutral, even as he raised the price forecast from $35 to $42. The pullback follows a recent rally fueled by speculation that the U.S. Commerce Department was considering taking equity stakes in key quantum computing firms, including Rigetti, to bolster national security.

Although the department later clarified it was not engaged in active talks, the report had already sparked optimism about potential government support for the sector. Also Read: Rigetti, Joby, QuantumScape — Meet The $0 Revenue Moonshots The quantum computing space also drew renewed attention during NVIDIA Corporation’s (NASDAQ:NVDA) GTC event in Washington, D.C., which featured discussions on advancements in quantum technology.

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Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, ...

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This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states...

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in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.05, marking a 37.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.39 million, reflecting a 0.42% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates are projecting earni...

Therefore, Positive Revisions In Estimates Convey Analysts' Confidence In The

Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Shares of Rigetti Computing Inc. (NASDAQ:RGTI) slipped Monday after B. Riley Securities analyst Craig Ellis downgraded the stock from Buy to Neutral, even as he raised the price forecast from $35 to $42. The pullback follows a recent rally fueled by speculation that the U.S. Com...