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Why Rigetti Computing Stock Is Plummeting Today The Globe And Mail

Bonisiwe Shabane
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why rigetti computing stock is plummeting today the globe and mail

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. The shift to operating in the black was overshadowed, however, by the massive drop in sales. The company reported a top-line revenue decline of 51% year over year (YOY).

The $1.5 million came in far below the expected $2.6 million. Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth. Yet for those new to the quantum sector, the ride has been brutal.

On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains. This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems. The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing.

Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time. Written by Keith Noonan for The Motley Fool-> Rigetti Computing stock saw fell in the first half of 2025 after surging 1,449% last year. Comments from Nvidia CEO Jensen Huang played a significant role in shaping Rigetti's stock moves across the first half of the year. Rigetti's share price has been skyrocketing in July. Rigetti Computing (NASDAQ: RGTI) stock got hit with substantial sell-offs in the first half of this year.

The company's share price fell 22.3% across the stretch, according to data from S&P Global Market Intelligence. The stock lost ground even as the S&P 500 (SNPINDEX: ^GSPC) saw a 5.5% increase. Rigetti Computing Inc (NASDAQ:RGTI) is trading lower Friday afternoon, marking a reversal after a surge earlier in the week driven by retail momentum and sector-wide optimism. The recent volatility comes amid a classic Santa Rally, where retail investors earlier this week rotated into high-beta quantum stocks while institutional trading desks thin out for the holidays. What To Know: Earlier gains this week were fueled by a wave of social media sentiment focused on Rigetti’s 2026 roadmap, which promises higher-qubit systems and significantly lower error rates. This retail interest was compounded by a halo effect from peers like IonQ and D-Wave, which also saw spikes following strategic milestones and bullish analyst coverage.

Notably, Wedbush recently initiated coverage on Rigetti with an Outperform rating and a $35 price target, citing the company’s advanced chiplets and vertically integrated production capabilities as key differentiators. Market observers note that this week’s price action fits the pattern of a “Holiday Gap,” where lower trading volumes between Dec. 20 and New Year’s allow retail sentiment to move small-cap stocks more aggressively. While retail investors likely drove the stock higher earlier in the week on the belief that the “quantum age” could arrive by 2026, Friday’s downturn suggests a pause in the momentum as the holiday... 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 » 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.

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. The shift to operating in the black was overshadowed, however, by the massive drop in sales. The company reported a top-line revenue decline of 51% year over year (YOY). The $1.5 million came in far below the expected $2.6 million. The company's CEO, Subodh Kulkarni, emphasized during Rigetti's earnings call that "quantum computing continues to be in R&D mode" and that the "lumpy" revenue growth isn't a concern.

Rigetti Computing stock is getting hit with strong bearish pressures as inflation-related concerns have come into focus. Home Depot says that it will be raising prices on some items as a result of tariffs, which has highlighted broader inflationary dynamics. Higher inflation will make it less likely that the Federal Reserve serves up the levels of interest rate cuts that growth investors are looking for. Rigetti Computing (NASDAQ: RGTI) stock is seeing a precipitous sell-off in Tuesday's trading. The company's share price was down 8.7% as of 2:45 p.m. ET amid a 0.7% pullback for the S&P 500 (SNPINDEX: ^GSPC) and a 1.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).

The stock had been down as much as 9.6% earlier in the day. While Rigetti Computing doesn't have any direct connection to the home-improvement retail space, its stock is getting hit with selling pressures today in response to recent comments from Home Depot's management. The retail giant said today that it will be raising prices on some items in its store in response to tariff-related costs, and investors are taking the news as a worrying inflation indicator.

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