Rigetti Computing Rgti Stock Plunges What Caused The 48 64 Drop

Bonisiwe Shabane

-Jan 2, 2026, 8:20 AM

rigetti computing rgti stock plunges what caused the 48 64 drop

Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the... Thomas Fuller / SOPA Images / LightRocket via Getty Images Rigetti Computing (RGTI) shares slumped 10% Tuesday, a day after the provider of quantum computing services' sales sank and its profit came from an accounting gain. The company reported first-quarter revenue plunged 52% year-over-year to $1.5 million. Rigetti did post earnings per share of $0.13, compared to a $0.14 loss the previous year. However, net income of $42.6 million included $62.1 million in "non-cash gains from the change in fair value of derivative warrant and earn-out liabilities."

According to a transcript provided by AlphaSense, CFO Jeffrey Bertelsen told analysts on the earnings call Monday that "lower gross margins on a year-over-year basis were due to ongoing revenues from our contract with... Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing Inc.’s stock is facing pressure due to recent concerns over operational challenges and market competition in the quantum computing sector. On Monday, Rigetti Computing Inc.’s stocks have been trading down by -3.07 percent. Live Update At 16:04:42 EST: On Monday, February 10, 2025 Rigetti Computing Inc.

stock [NASDAQ: RGTI] is trending down by -3.07%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. As Tim Bohen, lead trainer with StocksToTrade says, “Time and experience have taught me that missed opportunities are part of the game. There’s always another setup around the corner.” Seasoned traders often encounter this truth in their trading journey. Despite an ever-changing market, one must remain vigilant and ready to capitalize on the next opportunity that arises. In assessing Rigetti Computing Inc.’s recent earnings, the figures invite both caution and curiosity.

The company reported a revenue of around $12M with a gross margin standing strong at about 60.6%, suggesting that while they’re bringing in money effectively, they aren’t necessarily keeping much of it. With an EBIT margin deep in negative territory (-489.4%) and a profitability ratio showing significant struggles, it’s evident the path to profitability is rugged. Volatility continues to be a hallmark, as seen in the recent price data. A peek into the multi-day chart reveals sharp fluctuations: from January 30 to February 10, prices danced between highs of close to $14 and lows nudging $12. Equally telling was the intraday activity, with prices bobbing significantly, creating waves in the market pond. This mirrors the high-risk-high-reward nature of quantum investments.

Rigetti Computing (NASDAQ: RGTI), a quantum computing company, saw its stock plunge 45% on Wednesday, January 8. This move came after the Nvidia CEO – Jensen Huang – stated that useful quantum computing is still 20 years away. The decline was seen across quantum computing stocks, with IONQ falling 39%, and D-Wave falling 36%. It is a known fact that quantum computing remains in a developmental stage and is not yet ready for widespread practical implementation across industries. The timeline for mainstream adoption of these systems remains uncertain — it could materialize within the next ten years, or potentially take longer to achieve. However, the fall in these stocks seems exorbitant.

As with any new futuristic technology, things may be volatile at times. That said, if you want upside with a smoother ride than an individual stock, consider the High-Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. Rigetti is a leading player in the emerging quantum computing ecosystem. It has developed a quantum processing unit (QPU) called Novera with 9 qubits, designed for local deployment. It offers a Quantum Computing as a Service (QCaaS) platform that enables their quantum systems to be seamlessly integrated across various cloud environments. Rigetti Computing has expanded its quantum computing lineup with the introduction of its Ankaa-3 system, featuring 84 qubits and enhanced precision through upgraded hardware components and sophisticated capabilities.

Looking ahead, Rigetti’s 2025 roadmap includes two new quantum systems: a 36-qubit model and an advanced system exceeding 100 qubits, both engineered with a focus on improved reliability, targeting a 2x reduction in error... These developments represent significant steps toward making quantum computing technology more viable for practical applications. Notably, there have been some advancements lately with Google’s Willow chip and Amazon’s Quantum Embark in the quantum space. This has fueled the rally in the quantum stocks at large, including RGTI stock. Furthermore, a $2.7 billion government funding for quantum computing has boded well for these stocks. We continue to believe that Rigetti is favorably placed in the quantum space, and the recent dip offers an opportunity for investors to pick RGTI for robust long-term gains.

That said, investors should take into account the risks. RGTI stock is a high-risk high-growth potential story, with various factors at play, including technological improvements and costs. As an investor, the bet will be on the future potential of quantum computing and Rigetti’s place in it.

Rigetti Computing Rgti Stock Plunges What Caused The 48 64 Drop

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