RGTI stock retreats sharply after a speculative rally driven by quantum computing hype and Alphabet’s Willow chip announcement.
Rigetti Computing (NASDAQ: RGTI) shares have fallen 66% from their all-time highs, reflecting a broader pullback in quantum computing stocks. The decline follows a speculative surge fueled by investor enthusiasm for the sector, particularly after Alphabet unveiled its Willow quantum chip in late 2024.
The company, a pure-play quantum computing firm, provides cloud-based access to its superconducting quantum processors and sells hardware to government and research clients. Despite the hype, Rigetti’s financials remain unproven, with 2025 results failing to meet conventional valuation metrics.
Investor sentiment shifted as the initial excitement waned, leaving RGTI as one of several high-risk, high-reward plays in an emerging but unproven industry.