Rigetti Stock Plunges 47 Should Investors Buy The Dip Investingcube

Bonisiwe Shabane

-Jan 2, 2026, 8:19 AM

rigetti stock plunges 47 should investors buy the dip investingcube

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. 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.

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. Currently, consumers can order its Novera QPU, a 9-qubit (quantum bit) computer that is a smaller version of its larger, most powerful systems. The company says that Novera can help users achieve “excel” in quantum computing with use cases in scientific experimentation, among other things. A single Novera QPU retails for $900,000 and up. 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. Currently, consumers can order its Novera QPU, a 9-qubit (quantum bit) computer that is a smaller version of its larger, most powerful systems. The company says that Novera can help users achieve “excel” in quantum computing with use cases in scientific experimentation, among other things. A single Novera QPU retails for $900,000 and up. Rigetti Computing aims to be a leader in the promising quantum computing industry. For the time being, this is a highly speculative, pre-revenue business.

Even though it’s cheaper than it was a few months ago, this is a stock with a very binary outcome, so invest accordingly. Rigetti Computing (NASDAQ: RGTI) has been one of the best-performing and most volatile stocks in recent history. Over the past year, Rigetti shares have gained about 1,400% as quantum computing hype has accelerated. However, since peaking in January of this year, the stock price has been rather volatile, plunging by as much as 70% from the peak before rebounding. As of this writing, Rigetti is trading for about 30% below its all-time high. With quantum computing still in the early stages and Rigetti trying to establish a leading position before the technology goes mainstream, is now a smart time for patient investors to take a closer look?

After surging more than 200% in just over a month, shares of Rigetti Computing (RGTI) are finally cooling off - and that’s not a bad thing. As of Thursday morning, the stock is down another 5% and has now slipped more than 10% from recent highs. The sharp pullback marks the first meaningful correction since the stock exploded off its September lows, and it's happening right as the stock tests a critical round-numbered price level: $40. The decline was triggered, in part, by a Barron’s article warning that “Quantum Stocks Look Like They’re Forming a Market Bubble.” The timing of the headline aligned almost perfectly with the peak in RGTI’s... Technically, Rigetti was overbought heading into October. The stock’s Relative Strength Index (RSI) pushed well above 70, a classic signal that prices have stretched too far, too fast.

That’s typically followed by a period of consolidation or outright correction - exactly what we’re seeing now. On top of stretched technicals, Rigetti’s options market was flashing red flags.

Rigetti Stock Plunges 47 Should Investors Buy The Dip Investingcube

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