From Yahoo Finance: 2025-03-28 05:10:00

Wall Street shares continued to trade lower on Thursday due to President Trump’s new tariffs on US imports. The Nasdaq fell by 0.53%, followed by the Dow Jones at 0.37%, and the S&P 500 at 0.33%. Car manufacturers were hit the hardest after Trump announced a 25% tariff on all imported vehicles starting April 2.

Rigetti Computing Inc. (RGTI) saw its share prices drop for a second day in a row on Thursday, falling by 7.73% to $8.47 per share. The decline was part of a broader trend in the quantum computing sector, with IonQ Inc. down 7.73%, D-Wave Quantum Computing dropping 2.48%, and Quantum Computing Inc. dipping 0.87%.

Market uncertainties in the quantum computing industry were further fueled by Nvidia Corp. CEO Jensen Huang’s comments at Quantum Day, where he suggested that the use of quantum computers could still be years away. Huang later apologized for his remarks, but doubts remain among industry experts. Rigetti Computing Inc. ranks 8th on the list of firms that mirrored Wall Street’s slump on Thursday.

Overall, Rigetti Computing Inc. (RGTI) faced a challenging day on Thursday, with its share prices dropping alongside other quantum computing firms. Despite the potential of RGTI as an investment, some believe that other AI stocks may offer greater promise for higher returns in a shorter time frame. For investors seeking a promising AI stock at a lower valuation, a report on the cheapest AI stock is available.



Read more at Yahoo Finance: Why Rigetti Computing Inc. (RGTI) Went Down On Thursday?