Rigetti Computing stock dropped 36% in February due to economic concerns and Microsoft's quantum chip announcement.

From Nasdaq: 2025-03-03 18:42:00

Rigetti Computing (NASDAQ: RGTI) saw a 36% drop last month due to a mix of news and economic concerns. The quantum computing stock, with minimal revenue, has been volatile. Analysts raised price targets, but Microsoft’s quantum chip announcement led to a sector rally before the stock fell again amid macroeconomic worries.

Rigetti will report Q4 earnings on March 5, with a projected revenue drop. The company, with high market cap and potential, is affected by economic conditions. A “Double Down” stock recommendation presents potential lucrative opportunities. Analysts advise monitoring Q4 earnings for Rigetti’s performance amidst existing macroenvironment challenges.



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