Rigetti Computing stock dropped 48% from peak, facing tough competition, caution advised.

From Nasdaq: 2025-06-28 13:11:00

Quantum computing company Rigetti Computing (NASDAQ: RGTI) saw a surge in stock prices in late 2024, but has since dropped 48% from its peak in January 2025. Despite the setback, the company is focused on developing hybrid solutions that combine quantum and digital computing to meet specific needs. However, Rigetti faces tough competition from tech giants like Google, IBM, and Nvidia. The company’s financials show minimal sales and deep losses, with revenue declining and net losses tripling over the past year. Investors should be cautious due to the company’s cash-burning model and intense market competition.



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