Story perspectives

Rigetti Stock Plummets 60% Amid Quantum Computing Stagnation

1/4/2026

Summary

Story summary

Rigetti Computing's stock has fallen 60% from its peak of $56 in October.
The quantum computing industry remains stagnant with no significant advancements, despite Rigetti's hardware and cloud services.
Rigetti faces a substantial operating loss of $20.5 billion and an 18% year-over-year revenue decline.
Industry leaders project commercially viable quantum computers are still four to five years away.
Investors should hold their shares until conditions improve.

1 of 1

Story summary

Rigetti Computing's stock has fallen 60% from its peak of $56 in October.
The quantum computing industry remains stagnant with no significant advancements, despite Rigetti's hardware and cloud services.
Rigetti faces a substantial operating loss of $20.5 billion and an 18% year-over-year revenue decline.
Industry leaders project commercially viable quantum computers are still four to five years away.
Investors should hold their shares until conditions improve.