Rigetti Shares Pull Back After Quantum Rally, Market Eyes Next Catalyst
Rigetti Computing was down early Wednesday as the quantum-computing stock lost ground after recent spikes. Shares ended Tuesday at $25.07, off 5.13%, following big gains of 30.57% on May 21 and 19.87% on May 22. Premarket quotes had Rigetti slipping further to $24.50 at about 4:43 a.m. EDT. This is the situation now. Investors have new company news to trade, while they also gauge if last week’s government-led rally got out in front of what’s still a small commercial base for quantum hardware.