Rigetti Computing stock dropped 45% after Nvidia's CEO suggested useful quantum computing is far off.

From Nasdaq: 2025-01-09 23:06:11

Rigetti Computing (NASDAQ: RGTI) and other quantum computing stocks plummeted after Nvidia CEO Jensen Huang suggested useful quantum computing is still 20 years away. Quantum computing is in early stages, not yet ready for practical use. Despite the dip, Rigetti continues to innovate with new quantum systems like Ankaa-3, targeting improved reliability and reduced error rates. Recent advancements in quantum technology by Google and Amazon, along with government funding, have boosted quantum stocks like RGTI. Investors should weigh risks and potential long-term gains when considering RGTI stock, which has shown volatile performance in the past. For a smoother investment ride, consider Trefis’ High-Quality Portfolio, which has outperformed the S&P 500 with over 91% returns since inception.

Rigetti Computing is a key player in the quantum computing sector, offering a Quantum Computing as a Service (QCaaS) platform and developing advanced quantum systems like Novera and Ankaa-3. Rigetti’s roadmap includes new systems with increased qubits and improved precision, aiming to make quantum computing technology more practical for real-world applications. Despite the recent stock drop, Rigetti remains well-positioned in the quantum space for future growth potential.

In terms of stock performance, RGTI has seen significant volatility, with returns of -92% in 2022, 35% in 2023, and a remarkable 1449% in 2024. Trefis’ High Quality Portfolio, comprising 30 stocks, has consistently outperformed the S&P 500 index with better returns and less risk over the past four years. As investors assess the potential of quantum computing and Rigetti’s role in it, they should consider the risks and rewards associated with RGTI stock.



Read more at Nasdaq: Why Did RGTI Stock Plunge 45%?