Why Rigetti Computing Shares Are Falling

Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

Rigetti Computing’s stock has experienced a notable decline, primarily due to waning excitement around quantum computing. This downturn was exacerbated by Nvidia’s CEO initially expressing doubts about the technology’s near-term potential, despite later reversing this stance. Additionally, investor concerns about Rigetti’s high valuation compared to its modest revenue growth and future cash burn have contributed to the stock’s fall. However, Wall Street remains optimistic, maintaining a strong buy consensus, indicating potential for recovery.

More about Rigetti Computing

YTD Price Performance: -50.48%

Average Trading Volume: 126,911,672

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.93B

For further insights into RGTI stock on TipRanks’ Stock Analysis page.

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