Rigetti’s Quantum Leap: Stock Jumps 5,000% and Then Grinds Back – Bubble or Breakthrough?
Rigetti Computing stock surged nearly 5,000% in 2025, peaking at $56 before dropping 25% in late October to close at $39.60 on Oct. 23. The rally followed a $5.8M Air Force contract, new product launches, and reports of possible U.S. government equity stakes. Despite a $17–18B market cap, Q2 revenue was $1.8M with a $39.7M net loss. Analyst targets remain far below current trading levels.