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Why Rigetti Computing Stock Is Sinking Today Mitrade Com

Bonisiwe Shabane
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why rigetti computing stock is sinking today mitrade com

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 sinking on Tuesday, down 8.7% as of 2:46 p.m. ET. The drop comes as the S 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... Last week, Rigetti released its Q2 report, revealing that its sales and earnings were down significantly year over year. The company's $1.8 million in revenue was nearly 42% less than last year in the same period, and its net income dropped nearly 220% as the company lost nearly $40 million in the quarter. © All rights reserved. Stock prices are provided by BSB-Software This page uses Cookies.

For proper functioning of the page Cookies are needed. You agree to using Cookies by clicking "OK". More infos can be found in our Privacy declaration. If you disagree this service is only available in very limited ways. 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 » In the speculative frontier of quantum computing, Rigetti Computing Inc. (NASDAQ: RGTI) has ridden a wave of hype, catapulting shares up over 2,000% in the past year on visions of revolutionary tech. The Berkeley-based pioneer in hybrid quantum-classical systems has tantalized investors with milestones like multi-chip processors and government contracts. Rigetti shares cratered more than 6% in early trading on November 11, 2025, extending a brutal post-earnings slide from yesterday’s close of .77 to around .50, erasing roughly .2 billion in market cap and... This isn’t mere volatility; it’s a gut-check for a stock that’s down 46% from its October peak, underscoring the chasm between quantum promise and present-day profits.

As the broader tech rout—fueled by profit-taking after AI’s relentless run—grips the Nasdaq, Rigetti’s woes are amplified by its own stumbles. 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) slipped Monday after B. Riley Securities analyst Craig Ellis downgraded the stock from Buy to Neutral, even as he raised the price forecast from $35 to $42. The pullback follows a recent rally fueled by speculation that the U.S.

Commerce Department was considering taking equity stakes in key quantum computing firms, including Rigetti, to bolster national security. Although the department later clarified it was not engaged in active talks, the report had already sparked optimism about potential government support for the sector. Also Read: Rigetti, Joby, QuantumScape — Meet The $0 Revenue Moonshots 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. 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. 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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For proper functioning of the page Cookies are needed. You agree to using Cookies by clicking "OK". More infos can be found in our Privacy declaration. If you disagree this service is only available in very limited ways. 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 quant...

Shares Of Rigetti Computing (NASDAQ: RGTI) Are Sinking On Tuesday,

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 inv...