University of Kwazulu-Natal

Why Did Rgti Stock Plunge 45 Trefis

Bonisiwe Shabane
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why did rgti stock plunge 45 trefis

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... [1] 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. 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. 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. BSX Quick QuoteBSX WST Quick QuoteWST MEDP Quick QuoteMEDP RGTI Quick QuoteRGTI Rigetti Computing (RGTI Quick QuoteRGTI - Free Report) reported second-quarter 2025 adjusted loss per share of 5 cents, narrower than the loss per share of 7 cents in the prior-year quarter.

The metric also surpassed the Zacks Consensus Estimate of earnings by 16.7%. GAAP loss per share in the reported quarter was 13 cents compared with the loss per share of 7 cents in the prior-year quarter. Shares of this company lost nearly 2.6% in today’s pre-market hours. The company’s shares have gained 3% in the year-to-date period compared with the industry’s growth of 20.5%. The broader S&P 500 Index has increased 8.2% in the same time frame. The company reported total revenues of $1.8 million, down 41.6% year over year.

The top line missed the Zacks Consensus Estimate by 5.7%. A critical report on Rigetti Computing Inc.’s strategic review may weigh heavily on their market position, contributing to Friday’s trading downturn with stocks sliding by -10.94 percent. Live Update At 17:21:18 EST: On Friday, January 17, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -10.94%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. Traders seeking success in volatile markets often look for effective strategies to manage risk and maximize gains.

As millionaire penny stock trader and teacher Tim Sykes, says, “Cut losses quickly, let profits ride, and don’t overtrade.” This philosophy emphasizes the importance of having the discipline to exit losing trades promptly while... Embracing these principles helps traders maintain a balanced approach, enabling them to achieve more consistent outcomes in their trading endeavors. Rigetti Computing Inc. found itself at the heart of a financial storm with its shares experiencing a turbulent ride. Following Nvidia CEO’s comments stating viable quantum computing applications could be two decades away, Rigetti plummeted alongside other stocks in the same domain. The market appeared to respond dramatically to this prognosis, reflecting skepticism about the imminent technological breakthroughs previously anticipated.

On examining Rigetti’s recent financial figures, the data reveals some telling insights. Their current share price volatility underscores the shifting investor sentiment. The company’s gross margin stands intriguingly at 60.6%, indicative of profitability potential, yet overshadowed by significantly high negative net profit margins. The enterprise value remains sturdy, yet the stark -509.58% profit margin paints a bleak picture of recent fiscal challenges. 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. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement

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