Rigetti Computing ( (RGTI) ) has fallen by -15.43%. Read on to learn why.
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Forget margin or options. Here's how the pros trade RGTIRigetti Computing shares fell 15.43% over the past week as investors pulled back from high‑risk tech names and speculative quantum computing stocks. A broader tech selloff, driven in part by renewed geopolitical tensions in the Middle East and a retreat from recent market highs, weighed on sentiment. Options activity underscored the caution: implied volatility climbed and put demand rose, signaling that more traders are either betting on further downside or hedging their existing positions.
Beyond the macro jitters, company‑specific concerns also pressured Rigetti Computing. Analysts are bracing for Q1 results that may show continued high cash burn and widening losses, which many see as hard to justify against Rigetti’s still modest revenue base. A fresh Market Perform initiation from Northland, with a $20 price target, reinforced the idea that near‑term upside could be limited, prompting some investors to reassess exposure after a volatile year in which the stock is already down double digits year‑to‑date.
At the same time, Rigetti Computing is continuing to invest for long‑term growth, a contrast that highlights the stock’s risk‑reward profile. The company signed a sublease for about 12,500 square feet of office and lab space in Berkeley, with measured rent terms and a short rent holiday, strengthening its hardware and R&D footprint without an aggressive cost jump. Analysts still see meaningful upside over the longer term and generally rate the stock a Buy, but recent price action shows the market demanding clearer proof that these technical and infrastructure strides will translate into sustainable revenue and improved financial health.