Rigetti’s 5,500% Quantum Leap: Stock Skyrockets Then Slides as Hype Meets Reality
RGTI Stock’s Roller-Coaster Week Rigetti’s stock enjoyed a meteoric rise early in the week, then suffered a sharp reversal. Shares of RGTI surged to fresh highs around $58 – the upper end of its 52-week range marketbeat.com – before tumbling roughly 15% in a single day on Thursday, Oct. 16 finviz.com. The sell-off dropped the stock to the high-$40s, trimming its weekly gains. Rigetti wasn’t alone: other quantum computing darlings like IonQ and D-Wave Quantum also sank ~9% on Thursday amid a broad pullback swingtradebot.com. Traders appear to have cashed in profits after a torrid run, as concerns mounted that