Rigetti Computing Stock News

Quantum computing stock Rigetti Computing Inc   (NASDAQ:RGTI) is succumbing to the broader market slump , last seen down 3.3% to trade at $14.26.

Rigetti and Montana State University have signed a Memorandum of Understanding to advance quantum computing research and innovation. Today marks the opening of Montana State University's QCORE, where a Rigetti Novera QPU is installed and will be available to researchers.

Rigetti Computing (RGTI -8.99%) is one of the most popular quantum computing pure-play stocks. It's solely focused on making quantum computing commercially relevant, and if it fails at this goal, the stock will become worthless.

Shares of Rigetti Computing (RGTI -8.87%) 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%.

Rigetti Computing (RGTI -8.87%) 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.

Better, some of the hottest quantum-related stocks are already starting to explode.

Growth investors hunting for the next big thing face a classic dilemma: Wait for proven winners at premium valuations, or take calculated risks on emerging technologies before Wall Street catches on.

I maintain Rigetti Computing with a sell despite recent technical progress, as profitability and commercialization remain years away. Rigetti's Q2 earnings missed expectations, with revenue down 41% year-over-year and ongoing heavy cash burn raising sustainability concerns. Valuation is extremely stretched, trading on speculative hype rather than fundamentals, with significant downside risk if ...