Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock recently plummeted due to disappointing revenue figures and doubts surrounding the quantum computing industry’s valuations and commercialization timeline. However, the company’s collaborations with Nvidia and investments from notable figures like Israel Englander have sparked long-term optimism. Analysts continue to view Rigetti as a promising investment, thanks to its technological progress and strategic alliances.
More about Rigetti Computing
YTD Price Performance: 19.40%
Average Trading Volume: 81,759,876
Technical Sentiment Signal: Buy
Current Market Cap: $7.88B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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