Rigetti’s Quantum Stock Rollercoaster: RGTI Soars 5,000% Amid Quantum Computing Hype, Then Stumbles – What’s Next?
Rigetti Computing shares hit a record $56.34 on Oct. 15 after surging 25% in a single day, then fell nearly 15% by Thursday and settled in the mid-$40s. The stock is up over 5,000% year-over-year, fueled by recent quantum computing contracts and product launches. Despite a $17 billion market cap, annual revenue remains around $8–10 million. All analysts rate the stock a “Buy” but set price targets far below current levels.