Rigetti Computing Stock News

Somewhat surprisingly, two quantum computing stocks have performed very well in April. IonQ NYSE: IONQ and Rigetti Computing NASDAQ: RGTI are up 17% and 19%, respectively, as of the Apr. 10 close.

Nvidia CEO Jensen Huang made headlines in January, sowing skepticism toward the emerging field of quantum computing. His comments, which suggested the technology was still 15 to 20 years away from being commercially useful, were seen as a major disappointment to industry prospects, triggering a sharp sell-off in shares of several companies, such as D-Wave Quantum (QBTS 0.69%), IonQ (IONQ -1.74%...

Everyone would love to find the next Nvidia (NVDA 18.34%), the type of stock that generates life-changing returns. The problem is, that's far from easy, and aiming for gains that are in the thousands of percentage points can often mean trying to get in early.

Quantum computing specialist Rigetti Computing (RGTI -7.56%) has been through a lot in recent months. As of this writing on April 7, the stock is down 61% from January's all-time high.

For the past few years, investors have become enamored with the prospects of artificial intelligence (AI) technology. But for the most part, developers have been touting the same carousel of ideas -- explaining how AI is leading to breakthroughs in training large language models, helping build autonomous systems for vehicles, and bringing unprecedented levels of efficiency to the workplace.

Shares of Rigetti Computing (RGTI -8.28%) fell 48.1% in the first quarter of 2025, according to data from S&P Global Market Intelligence. There was a big dip in January, followed by slower share price cuts over the next two months.

Shares of Rigetti Computing (RGTI) and IonQ (IONQ) led a quantum computing stock rally Monday in the wake of a new government initiative and as artificial intelligence stocks rebounded from their recent tariff-fueled selloff.

Rigetti, IonQ, and Quantinuum will work with the Department of Defense to build viable quantum computers.