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Why Is Rigetti Computing Stock Sinking Tuesday Benzinga

Bonisiwe Shabane
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why is rigetti computing stock sinking tuesday benzinga

Rigetti Computing, Inc. (NASDAQ:RGTI) shares slid Tuesday, reflecting broader weakness in quantum technology stocks as rising Treasury yields continue to weigh on growth-oriented equities. Amid the market turbulence, Rigetti announced a strategic collaboration with India’s Centre for Development of Advanced Computing (C-DAC), signing a Memorandum of Understanding to explore the co-development of hybrid quantum computing systems for government... The partnership seeks to combine C-DAC’s high-performance computing expertise with Rigetti’s superconducting-qubit technology to design and commercialize practical hybrid systems. Also Read: What’s Going On With Nvidia Stock? Under the MOU, the parties intend to co-design hybrid quantum architectures, advance related technologies such as cryogenic electronics, and develop application workflows for priority use cases.

Q2 revenue was $1.8 million, down roughly 42% year over year; net loss neared $40 million. Soft jobs data and hotter-than-expected inflation data weighed on risk assets like quantum stocks. Shares of Rigetti Computing (NASDAQ: RGTI) are sinking on Tuesday, down 8.7% as of 2:46 p.m. ET. The drop comes as the S&P 500 loses 0.7% and the Nasdaq Composite loses 1.5%. The quantum computing company's stock is continuing its slide after its recent earnings failed to impress investors and as macro concerns about the direction of the economy are leading investors to jump out of...

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 » Our mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday. 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. 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. 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...

On Tuesday, Rigetti Computing Inc.’s stocks have been trading down by -8.1 percent amid concerns over technology volatility. Live Update At 12:04:39 EST: On Tuesday, September 02, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -8.1%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. It’s been a tough quarter for Rigetti Computing. Their revenue numbers fell short, amplifying concerns among investors.

The profits dried up, and losses mounted. Revenue for the period sat at $10.79M, a sore number for analysts who expected much more promising figures. The gross margin painted a glimmer of hope at 40.6%, yet overshadowed by the grim profitability margins. The EBIT margin hit rock bottom at -2065%, leaving investors scratching their heads. Despite these setbacks, the balance sheet still provides some comfort. Cash reserves are sitting at $57.18M, ensuring they keep the wheels turning for now.

Their short-term liabilities are manageable, thanks in part to a current ratio of 41.6. But with a leverage ratio of 1.2 and total equity heavily tied to volatile external investments, many wonder about their financial strategy. A glance at the cash flow statement reveals some more telling challenges. Rigetti burnt through piles of cash, with investments seeming more like cash drains rather than cash seeds. Some investors are waiting, watching and hoping their high-stake gambits to future-proof the company turn the tide soon.

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Rigetti Computing, Inc. (NASDAQ:RGTI) Shares Slid Tuesday, Reflecting Broader Weakness

Rigetti Computing, Inc. (NASDAQ:RGTI) shares slid Tuesday, reflecting broader weakness in quantum technology stocks as rising Treasury yields continue to weigh on growth-oriented equities. Amid the market turbulence, Rigetti announced a strategic collaboration with India’s Centre for Development of Advanced Computing (C-DAC), signing a Memorandum of Understanding to explore the co-development of h...

Q2 Revenue Was $1.8 Million, Down Roughly 42% Year Over

Q2 revenue was $1.8 million, down roughly 42% year over year; net loss neared $40 million. Soft jobs data and hotter-than-expected inflation data weighed on risk assets like quantum stocks. Shares of Rigetti Computing (NASDAQ: RGTI) are sinking on Tuesday, down 8.7% as of 2:46 p.m. ET. The drop comes as the S&P 500 loses 0.7% and the Nasdaq Composite loses 1.5%. The quantum computing company's sto...

Where To Invest $1,000 Right Now? Our Analyst Team Just

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 » Our mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday. Shares of Rigetti Computing Inc (NASDAQ:RGTI) are trading flat Tuesday, consolidating after Monday’s move higher. Here’s w...

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