{"id":62337,"date":"2025-04-30T07:30:10","date_gmt":"2025-04-30T07:30:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/62337\/"},"modified":"2025-04-30T07:30:10","modified_gmt":"2025-04-30T07:30:10","slug":"why-rigetti-computing-inc-rgti-went-down-on-tuesday","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/62337\/","title":{"rendered":"Why Rigetti Computing Inc. (RGTI) Went Down On Tuesday"},"content":{"rendered":"\n

We recently published a list of Why These 10 Companies Were Heavily Sold Down<\/a><\/strong>. In this article, we are going to take a look at where Rigetti Computing Inc. (NASDAQ:RGTI) stands against other companies that were heavily sold down.<\/p>\n

Wall Street\u2019s main indices finished stronger on Tuesday, buoyed by the influx of more corporate earnings results.<\/p>\n

The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent.<\/p>\n

Despite the wider market optimism, 10 companies managed to register declines, predominantly due to investors exercising caution coupled with companies\u2019 dismal earnings performance during the past quarter.<\/p>\n

In this article, we have identified Tuesday\u2019s 10 worst-performing stocks and detailed the reasons behind their drop.<\/p>\n

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.<\/p>\n

\"Why Why Rigetti Computing Inc. (RGTI) Went Down On Tuesday <\/p>\n

A close up of an engineer typing at a quantum computing station in a modern office space.<\/p>\n

Rigetti Computing Inc. (NASDAQ:RGTI)<\/b><\/p>\n

Rigetti Computing dropped its share prices by 3.90 percent on Tuesday to close at $8.86 apiece as investors repositioned portfolios ahead of the release of its first quarter earnings performance over the next few days.<\/p>\n

The company, which reported a 1,175 percent wider net loss in the fourth quarter of 2024, is set to release the results of its key financial and operational highlights for the period January to March after market close on May 12, 2025.<\/p>\n

In recent news, Rigetti Computing Inc. (NASDAQ:RGTI) was selected as one of the participants in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI), whose primary goal is to determine if any approach to quantum computing can achieve utility-scale operation by 2033.<\/p>\n

According to Rigetti Computing Inc. (NASDAQ:RGTI), it will advance to Stage A, a 6-month performance period focused on its utility-scale quantum computer concept worth up to $1 million upon completion of program milestones.<\/p>\n

Overall, RGTI ranks 10th<\/b><\/strong> on our list of companies that were heavily sold down. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock<\/b><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"We recently published a list of Why These 10 Companies Were Heavily Sold Down. In this article, we…\n","protected":false},"author":2,"featured_media":62338,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[3284,32220,3358,19932,53,16,15],"class_list":{"0":"post-62337","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-corporate-earnings-results","10":"tag-quantum-computing","11":"tag-rigetti-computing","12":"tag-technology","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114425746197901908","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/62337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=62337"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/62337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/62338"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=62337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=62337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=62337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}