Rigetti Computing Wrecked After Nvidia Ceo S Comments On Msn

Bonisiwe Shabane

-Jan 2, 2026, 8:01 AM

rigetti computing wrecked after nvidia ceo s comments on msn

Rigetti Computing stock saw fell in the first half of 2025 after surging 1,449% last year. Comments from Nvidia CEO Jensen Huang played a significant role in shaping Rigetti's stock moves across the first half of the year. Rigetti's share price has been skyrocketing in July. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) stock got hit with substantial sell-offs in the first half of this year. The company's share price fell 22.3% across the stretch, according to data from S&P Global Market Intelligence.

The stock lost ground even as the S&P 500 (SNPINDEX: ^GSPC) saw a 5.5% increase. Rigetti Computing (NASDAQ: RGTI), one of the most talked-about quantum computing stocks, suffered a dramatic plunge today. Shares fell over 47.60%, wiping out significant recent gains, following comments from Nvidia CEO Jensen Huang. During Nvidia’s analyst day, Huang cast doubt on the near-term utility of quantum computing, suggesting that “very useful” systems might be two decades away. This sudden pullback comes as a reality check for Rigetti, which had soared over 1,500% in the past year. Investors are now questioning whether the stock can regain its momentum or if the hype around quantum computing is fizzling out.

Looking at the chart, Rigetti Computing is currently trading at $9.65, down from its recent high of $21.39. This represents a significant decline of approximately 55% from its peak. Despite today’s sharp decline, Rigetti’s long-term prospects remain tied to the future of quantum computing. While Nvidia’s CEO provided a sobering outlook, Rigetti has positioned itself as a leader in the space, benefiting from recent advancements and partnerships. However, the road ahead is challenging. Investors must weigh the stock’s speculative nature against its potential.

For now, Rigetti’s ability to hold critical support levels and deliver tangible progress in its quantum technology will be the deciding factors in its 2025 outlook. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement After losing $8.3 in one trading session, Rigetti Computing's (RGTI, Financial) share price dropped by 45%, following Comments by Nvidia (NVDA, Financial) CEO Jensen Huang at CES 2025, warning that practical quantum computing maybe... His remarks triggered a sell-off in the quantum computing industry that crushed the stock of Rigetti and peers, including IonQ. Rigetti shares traded slightly higher in after-hours, rising 2.8% to $10.33.

However, analysts remain doubtful about the stock's prospects. Speculative interest lifted Rigetti to a record high of $19.38 earlier this month. However, fears of overvaluation and the company's continuing revenue woes have remained. Forbes set Rigetti's 12-month price target to $5.20, suggesting another 49.1% downside from that date. Further complicating investor concerns has been increased cash burn and the broader market volatility. Over the last year, volatility in its quantum computing stocks has grown from 22% to 35% a week.

We see Rigetti's short interest ratio at 0.6, indicating modestly bearish sentiment in a calm trading market. Both the long term potential and the near term risks of quantum computing are illustrated by the sharp decline. Investors are suggested to take the smart approach of keeping a close watchful eye on Rigetti's fundamentals and operational performance while they go through these challenges. Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future. During an appearance on the Joe Rogan podcast, Meta chief executive Mark Zuckerberg echoed Nvidia chief executive Jensen Huang’s prediction that quantum computing’s potential is a “decade plus out.” “I’m not really an expert on quantum computing — my understanding is that’s still quite a ways off from being a very useful paradigm,” Zuckerberg said in the podcast episode released Friday.

D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) saw shares fall by more than 25% during mid-day trading on Monday, with D-Wave down by around 30% and Rigetti down by more than 27%. Quantum Computing, meanwhile, saw its shares fall by around 23%, and IonQ (IONQ) shares were down by more than 12%. The quantum computing stocks also tanked the previous week after Nvidia’s Huang said useful quantum computers are decades away during the chipmaker’s financial analyst day at the Consumer Electronics Show (CES).

Rigetti Computing Wrecked After Nvidia Ceo S Comments On Msn

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