Rigetti Computing (NASDAQ:RGTI) Hardware Revenue Climbs; Rally Faces Challenge from Buyer Concentration

Rigetti Computing, Inc. reported quantum-computer sales as its primary revenue driver in the second quarter. The stock declined in after-hours trading as operating losses grew and the company continued to rely heavily on a small set of customers for sales.

Rigetti Computing Stock Falls as Sale Notice Tests $100 Million Quantum Rally

Rigetti Computing Stock Climbs After $40 Target, But Quantum Valuation Risks Remain

Rigetti Computing, Inc. shares were up in Friday trading, with Nasdaq-listed RGTI recently changing hands at $21.27, up $0.64 from the prior close, after touching an intraday high of $21.945 on volume of about 23.9 million shares. The move kept the quantum-computing stock in focus after a fresh analyst update and renewed interest in companies seen as potential beneficiaries of government-backed quantum research spending.
1 2 3 8

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

82/100
View full portfolio
Editorial model selection. Not personalised advice.