{"id":61614,"date":"2025-01-08T12:18:48","date_gmt":"2025-01-08T17:18:48","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=61614"},"modified":"2025-01-08T12:18:48","modified_gmt":"2025-01-08T17:18:48","slug":"stock-market-news-rigetti-computings-stock-drops-49-after-quantum-boom-in-december","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/stock-market-news-rigetti-computings-stock-drops-49-after-quantum-boom-in-december\/61614\/","title":{"rendered":"Stock market news: Rigetti Computing\u2019s stock drops 49% after quantum boom in December"},"content":{"rendered":"<p>As of <strong>12:14 PM (GMT-5), January 8, 2025<\/strong>, shares of <strong>Rigetti Computing, Inc. (RGTI)<\/strong> are trading at <strong>$9.38<\/strong>, down <strong>48.98%<\/strong> from its previous close of <strong>$18.39<\/strong>. The stock experienced a significant surge in December 2024, rising over <strong>400%<\/strong>, largely due to the company\u2019s updated roadmap and excitement in the quantum computing sector following Google\u2019s quantum breakthrough. However, Rigetti\u2019s financials remain weak, with a decline in revenue through the first three quarters of 2024 compared to 2023.<\/p>\n<p>Rigetti\u2019s market cap currently sits at approximately <strong>$2.6 billion<\/strong>, but despite ambitious plans to release more powerful quantum systems, the technology still has a long way to go. Industry experts, including NVIDIA\u2019s CEO, have suggested it could take decades before quantum computers become widely useful.<\/p>\n<p>While the quantum computing space holds substantial potential, investors in Rigetti should be aware of the high risks involved, given the long timeline for meaningful technological advancements. ETFs focused on quantum computing may offer a safer alternative.<\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only and should not be considered financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of 12:14 PM (GMT-5), January 8, 2025, shares of Rigetti Computing, Inc. (RGTI) are trading at $9.38, down 48.98%\u2026<\/p>\n","protected":false},"author":434,"featured_media":59179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[277,24243,22455,22333,3934,6884,23897,24242,22620,22586,2770],"class_list":["post-61614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-google","tag-investment-risk","tag-market-cap","tag-market-trends","tag-nvidia","tag-quantum-computing","tag-rigetti-computing","tag-roadmap","tag-stock-trading","tag-stock-volatility","tag-technology"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=61614"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/59179"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=61614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=61614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=61614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}