From Yahoo Finance: 2025-05-14 08:13:00

Wall Street’s main indices had mixed results on Tuesday, with the S&P 500 and Nasdaq gaining while the Dow Jones fell. The Consumer Price Index for April rose by 0.2 percent, bringing the annual inflation rate to 2.3 percent. Despite this, 10 stocks experienced sell-offs, including Rigetti Computing, Inc. (RGTI).

Rigetti Computing, Inc. (RGTI) saw a 14.59 percent drop in its stock price on Tuesday, closing at $9.86 per share. The company reported a 52 percent decrease in revenue to $1.47 million, with operating expenses rising by 22 percent to $22.07 million. Loss from operations also increased by 30 percent year-on-year.

Despite recent setbacks, Rigetti Computing, Inc. (RGTI) remains a strong player in the quantum computing sector. The company secured projects from the US and UK governments and is involved in initiatives like DARPA’s Quantum Benchmarking Initiative and the AFOSR award for chip fabrication technology. However, it ranks 4th among Tuesday’s worst performers.

While Rigetti Computing, Inc. (RGTI) shows promise, our focus remains on AI stocks for higher returns in a shorter time frame. An AI stock has already increased in value in 2025, while other popular AI stocks have dropped by around 25%. For a more promising AI investment trading at less than 5 times its earnings, check out our report on the cheapest AI stock available.



Read more at Yahoo Finance: Why Rigetti Computing, Inc. (RGTI) Declined on Tuesday