Rigetti Stock Plunges 47 Should Investors Buy The Dip

Bonisiwe Shabane

-Jan 2, 2026, 1:52 PM

rigetti stock plunges 47 should investors buy the dip

Quantum computing specialist Rigetti Computing (NASDAQ: RGTI) soared sky-high at the end of 2024, but gave back a lot of those gains in the first half of 2025. On June 25, the stock is trading 48% below January's peak prices. Will Rigetti's stock get a second wind someday soon, or could the price chart continue its retreat? Rigetti is no spring chicken. The company was founded in 2013 and delivered its first quantum computing services in the cloud four years later. Its systems rely on superconducting materials cooled nearly to absolute zero.

It's a proven approach, but also a costly one with specialized materials managed by massive super-cooling machinery. Nobody expects quantum computers to take over every data-crunching task, even in the long run. Rigetti proposes a hybrid approach where digital computers continue to be the workhorses of everyday computing needs, but with the option to tap into quantum computers for certain workloads. So the company develops solutions across this stack of technologies, from quantum chips and systems to the old-school software that assigns quantum jobs and reads the results. Rigetti's management sees a huge long-term market in this integrated system philosophy. Last summer, management said that "practical quantum computing is poised to happen in the next few years and have significant commercial potential."

A significant breakthrough in quantum computing error correction arrived five months later. Rigetti's stock soared from roughly $1 to more than $21 per share in five weeks, as investors saw a quick route to commercial applications. Rigetti Computing (NASDAQ: RGTI) saw its stock plummet by 47% on January 8, following comments from Nvidia (NASDAQ: NVDA) CEO Jensen Huang at CES 2025. Huang’s remarks about quantum computing being “20 years away from becoming very useful” sent shockwaves through the sector, leading to sharp declines in stocks like Rigetti, D-Wave Quantum (QBTS), and IonQ (IONQ). Rigetti Computing, a quantum computing firm located in California, creates advanced quantum processors and provides services via its cloud platform, Forest. The Novera QPU, the company’s main product, is intended for premium uses such as scientific studies and climate simulation.

As Rigetti forges partnerships, notably one with Nvidia, it continues to depend significantly on government funds and research and development investments. As quarterly losses increase and commercial quantum computing remains unprofitable, the stock is likely to experience fluctuations. The dramatic sell-off has placed Rigetti in a critical technical position. Key levels to watch include: Although the significant downturn has increased Rigetti’s appeal to investors with a high-risk appetite, careful consideration is advised. Experts continue to classify the stock as a “Strong Buy,” yet its prospects depend on the effective advancement of quantum technologies and market successes.

Rigetti Computing RGTI has come under renewed pressure, with shares sliding 41% over the past month as investors digest a mix of progress and persistent challenges. The company’s latest earnings showed lower revenues and continued losses, highlighting that meaningful commercial traction is still developing despite improvements in efficiency and ongoing technical and partnership advancements. While government and research contracts continue to validate Rigetti’s capabilities, they offer limited visibility into steady, recurring growth, a key concern weighing on near-term sentiment. At the same time, Rigetti has continued to push ahead on strategic and technical fronts, including advancements in its quantum hardware roadmap and expansion of global partnerships. These initiatives reinforce its long-term ambitions in hybrid quantum computing, but with near-term financial headwinds and heightened market volatility, investors are now questioning whether the recent pullback presents an opportunity or a warning sign. Rigetti’s sharp pullback comes at a time when competition in the quantum space is only getting tougher.

IonQ IONQ is pressing ahead with upgrades to its trapped-ion systems and expanding its commercial footprint through new partnerships. D-Wave Quantum QBTS continues to double down on enterprise-focused annealing solutions, pitching its technology as a practical tool for real-world optimization problems. Quantum Computing Inc. QUBT is also pushing for relevance with its quantum-enabled software stack and niche industry applications. In this competitive landscape, Rigetti’s hardware roadmap and global collaborations still give it a differentiated long-term angle, but the recent slide shows that investors are becoming more cautious about near-term execution. RGTI shares have plunged 40.6% over the past month, marking the steepest decline among key quantum peers.

QBTS and QUBT have plummeted 33.4% and 28.6%, respectively. IonQ has held up relatively better but is still lower by 18.1% during the same period. In comparison, the Zacks Internet – Software industry has declined a more modest 13.1%. This underperformance clearly shows that Rigetti has been hit harder than the rest of the group, with the market reacting more sharply to its recent financial results and execution risks. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here

Quantum computing stocks like Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and IonQ (IONQ) have been top performers to start 2025, surging as investors and analysts bet on technological breakthroughs in the new year. However, those stocks hit a major roadblock on Wednesday, Jan. 8, causing popular names to plunge between 40% and 50%. At CES 2025, Nvidia (NVDA) CEO Jensen Huang told analysts that “very useful” quantum computers were roughly 20 years away. That indicates that these red-hot stocks are a long way from commercial success, and therefore meaningful revenues and profits. Rigetti shares responded promptly, falling 45% to just above $10.

This leaves them roughly 50% below their 52-week high of $21.42. Rigetti is a California-based company that creates quantum computers and also offers a quantum cloud platform, Forest. Quantum computing specialist Rigetti Computing (NASDAQ: RGTI) soared sky-high at the end of 2024, but gave back a lot of those gains in the first half of 2025. On June 25, the stock is trading 48% below January's peak prices. Will Rigetti's stock get a second wind someday soon, or could the price chart continue its retreat? Where to invest $1,000 right now?

Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Rigetti is no spring chicken. The company was founded in 2013 and delivered its first quantum computing services in the cloud four years later. Its systems rely on superconducting materials cooled nearly to absolute zero. It's a proven approach, but also a costly one with specialized materials managed by massive super-cooling machinery.

Nobody expects quantum computers to take over every data-crunching task, even in the long run. Rigetti proposes a hybrid approach where digital computers continue to be the workhorses of everyday computing needs, but with the option to tap into quantum computers for certain workloads. So the company develops solutions across this stack of technologies, from quantum chips and systems to the old-school software that assigns quantum jobs and reads the results. Rigetti's management sees a huge long-term market in this integrated system philosophy. Last summer, management said that "practical quantum computing is poised to happen in the next few years and have significant commercial potential."

Rigetti Stock Plunges 47 Should Investors Buy The Dip

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