Quantum Boom or Bubble? Rigetti Stock Soars 5,000% Then Slides – Experts Weigh In
Rigetti Computing (NASDAQ: RGTI) soared over 5,000% in the past year, hitting a record $56.34 per share on October 15 before pulling back to $43.31 after a sharp selloff. The company’s market value now stands near $17–18 billion despite annual revenue of just $8–10 million. Recent gains followed a $5.8 million U.S. Air Force contract and first major hardware sales. Analysts warn the valuation far outpaces fundamentals.