Rigetti Computing (RGTI) Jumps 11% on New $350-Million Fresh Funds
From Yahoo Finance: 2025-06-12 18:34:00
Rigetti Computing (RGTI) saw an 11.39% increase in share prices, reaching $12.52 after raising $350 million through a follow-on offering. The company now holds $575 million in cash, positioning it for commercial scale-up of quantum computers. The funds will support working capital, expenditures, and potential collaborations or acquisitions. Revenues for the company fell by 52% to $1.47 million, with an increased loss from operations to $21.6 million. Despite its performance, RGTI ranks 5th in best-performing stocks. For those interested in AI stocks, there are recommendations for promising investments.
Read more at Yahoo Finance: Rigetti Computing (RGTI) Jumps 11% on New $350-Million Fresh Funds