Rigetti Computing ( (RGTI) ) has fallen by -9.31%. Read on to learn why.
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Rigetti Computing has experienced a notable decline in its stock price over the past week, dropping by 9.31%. This downturn comes amidst a backdrop of mixed investor sentiment and heightened activity in the options market. Despite some moderately bullish activity, with shares seeing a slight increase, the overall sentiment remains cautious as investors prepare for potential risks associated with upcoming earnings announcements.
The options market has shown a significant increase in demand for downside protection, as evidenced by a steepened put-call skew. This indicates that while there is some optimism, many investors are hedging against potential negative outcomes. The implied volatility has also seen an uptick, suggesting that market participants are bracing for potential fluctuations in the stock price.
Rigetti Computing is a key player in the emerging quantum computing sector, which holds promise for solving complex problems more efficiently than traditional computers. Despite the recent stock price decline, the company continues to advance its technology, aiming to launch a 100+ qubit system by year-end. Investors remain optimistic about the long-term potential of quantum computing, though the current market conditions reflect a cautious approach ahead of Rigetti’s earnings report.