Why Rigetti Computing Stock Popped Today Finviz Com

Bonisiwe Shabane

-Jan 2, 2026, 11:34 AM

why rigetti computing stock popped today finviz com

Rigetti Computing stock soared 20% this morning, and then saw its gain cut in half. The quantum computing start-up is not profitable, and its share price depends largely on momentum. Shares of quantum computing company Rigetti Computing (NASDAQ: RGTI) soared as much as 20% in early trading on Friday before giving back about half its gains -- all on no obvious news. As of 11:20 a.m. ET, Rigetti stock was still up 12%. 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 » One of the world's leading banks revealed it will commit billions to 27 key areas of investment, including quantum computing. Rigetti and other pure-play quantum stocks flew higher on the news. Shares of Rigetti Computing (NASDAQ: RGTI) soared on Monday, finishing up 25%. The spike came as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.5% and 2.2%, respectively.

The quantum computing stock surged after JPMorgan Chase revealed plans to invest $10 billion in various industries and technologies under its broad "Security and Resiliency Initiative" aimed at boosting U.S. economic and technological leadership. Quantum computing was among the 27 areas targeted. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »

John Martinis, one of this year's Nobel Prize winners, is "worried" that the U.S. quantum industry may now be just "nanoseconds" ahead of China. The quantum researcher said that the White House is "now moving on to quantum" as its next area of strategic focus. Shares of Rigetti Computing (NASDAQ: RGTI) flew higher today, finishing up 15.4%. The jump came as the S&P 500 and Nasdaq Composite both gained slightly. John Martinis, one of this year's Nobel Prize winners, told Bloomberg News that China has "caught up quickly" in the race to build a working quantum computer.

He said he's now "worried that maybe we're nanoseconds ahead of them." Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 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...

Upgrade to FINVIZ*Elite to get real-time quotes, intraday charts, and advanced charting tools. Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more. CNBC's Jim Cramer recently suggested that Rigetti Computing stock could have big upside. Cramer had previously indicated Rigetti looked like a poor play in the quantum space, so the change in commentary is notable. Rigetti recently released its most powerful quantum computing platform, and it potentially has some big catalysts on deck later in the year.

Rigetti Computing (NASDAQ: RGTI) stock is soaring higher in Thursday's daily trading session. The quantum computing specialist's share price was up 9.6% as of 3:15 p.m. ET. Meanwhile, the S&P 500 had risen 0.3%, and the Nasdaq Composite was up 0.6%. The quantum stock had been up as much as 12.2% earlier today. Rigetti's valuation is surging thanks to recent comments from Jim Cramer, the host of CNBC's Mad Money television show.

With today's pop, the stock is now up roughly 19% over the last three months despite some big volatility across the stretch. Rigetti Computing, Inc. (RGTI Quick QuoteRGTI - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +0.7%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Internet - Software industry, which Rigetti Computing falls in, has gained 7.9%.

The key question now is: What could be the stock's future direction? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually... Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up.

A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Rigetti Computing stock gained 48.6% in October following bullish analyst reports and industry-wide quantum computing enthusiasm. JPMorgan Chase's $1.5 trillion technology investment commitment specifically mentioned quantum computing as an area of interest. The stock is up over 3,000% in the past year but may be significantly overvalued today. Shares of Rigetti Computing (NASDAQ: RGTI) rose 48.6% in October 2025, according to data from S&P Global Market Intelligence.

It was a slowdown from September's 83.6% price jump, but still an impressive move. After all, Rigetti didn't have much news to share last month. Instead, most of the gains sprang from bullish analyst reports and technology breakthroughs by other quantum computing experts. Rigetti's strong gains in the first week of October hinged on Benchmark analyst David Williams, who more than doubled his target price on the stock from $20 to $50 per share. Williams applauded Rigetti's $350 million stock sale over the summer. Which could set the company up to fund its cash-burning business for years to come.

Why Rigetti Computing Stock Popped Today Finviz Com

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