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Why Rigetti Computing Stock Skyrocketed 15 4 Today

Bonisiwe Shabane
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why rigetti computing stock skyrocketed 15 4 today

Written by Keith Noonan for The Motley Fool-> Rigetti Computing stock defied the market's bearish momentum today. Rigetti stock has gotten a big boost from analyst coverage earlier this week. Some investors may be betting that quantum computing tech will play a rising role in the competition between the U.S. and China. Rigetti Computing (NASDAQ: RGTI) stock managed to close Thursday's trading with strong gains despite moderately bearish momentum for the broader market.

The company's share price jumped 9% in the daily session despite the S&P 500 falling 0.3% and the Nasdaq Composite declining 0.1%. The stock had been up as much as 11.5% on the day before giving up some of its gains. 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... 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 » Shares of Rigetti Computing (RGTI) garnered retail investor interest on Friday as the community debated its missed deadline for delivering a 100+ qubit chiplet-based system by the end of 2025. Rigetti had said in July that it remains on track to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025. However, walking into 2026, there has been no announcement from the company of the said system. To further concerns and drag down investor sentiment, the company announced in a filing with the Securities and Exchange Commission that its director Fitzgerald Alissa sold nearly 60,000 shares of the company.

On Stocktwits, retail sentiment around RGTI stayed within the ‘bullish’ territory, accompanied by ‘normal’ message volume. A Stocktwits user highlighted the insider share sale on Friday as a sign of the company’s downfall. This data feed is not available at this time.

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