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What S Going On With Rigetti Computing Rgti Stock Tuesday

Bonisiwe Shabane
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what s going on with rigetti computing rgti stock tuesday

Written by Johnny Rice for The Motley Fool-> Shares of Rigetti Computing (NASDAQ: RGTI) are plummeting on Tuesday. The quantum computing company's stock plunged 10% as of 12:46 p.m. ET and was down as much as 12.5% earlier in the day. The steep decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.8% and 1.6%, respectively. The quantum computing pioneer reported mixed Q1 2025 results on Monday after the market closed.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Rigetti posted its first-quarter results on Monday, revealing earnings per share (EPS) of $0.13. For the same period last year, the company lost $0.14 per share. Rigetti Computing, Inc.

(NASDAQ:RGTI) stock fell Tuesday after the quantum computing firm posted mixed quarterly results and outlined ambitious hardware milestones for the next two years. Shares slipped after revenue came in below expectations, even as losses narrowed and the company strengthened its cash position. Analysts continued to track Rigetti's technology roadmap and expansion strategy, including new international operations in Europe. Also Read: Rocket Lab Stock Gains on Strong Quarter, Upbeat Outlook Rigetti Computing reported quarterly losses of 3 cents per share, which beat the analyst estimate for losses of 4 cents. Shares of quantum computing firm Rigetti Computing (RGTI) fell sharply on Wednesday, drawing heightened attention from retail traders after surging to a fresh record high on Tuesday.

Rigetti’s stock dropped more than 8% in midday trade after touching an intraday peak of $57.96, extending a volatile stretch for one of the market’s most actively discussed quantum computing names. Retail sentiment on Stocktwits slid further into ‘extremely bearish’ territory, though message volumes remained at ‘extremely high’ levels. Rigetti was the platform’s top trending ticker during the midday trade before slipping lower in the rankings. According to Stocktwits data, message volumes tied to Rigetti have climbed more than 20% over the past week and surged over 4,400% in the past month. One retail trader flagged a large bearish options bet suggesting Rigetti Computing’s (RGTI) stock could decline sharply by Friday — a move they said may signal that negative news is looming. Another retail trader opined that RGTI is among the AI-linked stocks with little or no real revenue and that their eventual drop could expose weakness in the broader “AI bubble.”

Shares of Rigetti Computing Inc (NASDAQ:RGTI) are trading flat Tuesday, consolidating after Monday’s move higher. Here’s what investors need to know. What To Know: The quantum computing sector, including Rigetti, gained Monday on continued momentum following reports that the Trump administration was considering taking equity stakes in key quantum firms to bolster national security and... While the Commerce Department clarified it was “not currently negotiating” equity stakes, the news highlighted potential strategic government support for the industry. This has put speculative names like Rigetti in the spotlight as they compete with established giants like IBM. Quantum stocks like Rigetti may also be seeing increased attention on Tuesday amid Nvidia’s ongoing GTC event in Washington D.C.

this week, which is expected to feature discussions on several key topics including quantum computing. Investor attention now shifts to Rigetti’s third-quarter earnings report, scheduled for after the bell on Nov. 10. Wall Street analysts are projecting a net loss of 4 cents per share on revenue of $2.26 million. This forecast represents a slight sequential dip from the prior quarter’s revenue of $2.38 million. Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCa... [Read more] In 2024, Rigetti Computing's revenue was $10.79 million, a decrease of -10.14% compared to the previous year's $12.01 million. Losses were -$200.99 million, 167.6% more than in 2023. According to 8 analysts, the average rating for RGTI stock is "Buy." The 12-month stock price target is $29.38, which is an increase of 32.64% from the latest price.

When it comes to investing themes over the past several years, stocks with exposure to artificial intelligence or building AI products have been widely followed. A market expert shares with Benzinga w... Charlie Garcia responds to readers about the opportunities and obstacles for investors in quantum computing. 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...

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Written by Johnny Rice for The Motley Fool-> Shares of Rigetti Computing (NASDAQ: RGTI) are plummeting on Tuesday. The quantum computing company's stock plunged 10% as of 12:46 p.m. ET and was down as much as 12.5% earlier in the day. The steep decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.8% and 1.6%, respectively. The quantum computing pioneer...

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Rigetti’s stock dropped more than 8% in midday trade after touching an intraday peak of $57.96, extending a volatile stretch for one of the market’s most actively discussed quantum computing names. Retail sentiment on Stocktwits slid further into ‘extremely bearish’ territory, though message volumes remained at ‘extremely high’ levels. Rigetti was the platform’s top trending ticker during the midd...

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