Rigetti Computing

Rigetti Computing rose about 2.2% intraday to $13.90, driven by a pre-market rally in the quantum computing sector, with IONQ up over 5% and QBTS nearly 7%. However, subsequent news indicated Jim Cramer's lukewarm view on RGTI, and the sector saw broad declines during and after regular hours. The company's Q1 2026 revenue surged 198.9% YoY to $4.4 million, with net profit of $33.1 million turning positive, but EPS remained negative at -$0.0614, down 148.4% YoY, reflecting mixed fundamentals. At $13.90, the stock is 76.09% below its 52-week high of $58.15 and trades below both the 20-day MA ($15.44) and 60-day MA ($19.09), indicating a weak price position. Nonetheless, the stock rebounded from an intraday low of $13.26, suggesting some buying support at lower levels.

Rigetti Computing (RGTI.US) rose 4.1% in pre-market trading to $15.14, primarily driven by the announcement of a collaboration with HPE and the Pittsburgh Supercomputing Center to build a hybrid quantum-classical supercomputer testbed, lifting the stock from its intraday low of $14.55. The company's total market cap stands at approximately $5.03 billion, with a price-to-book ratio of 8.62x, though its P/E remains negative at -22.3x, indicating profitability challenges. However, the quantum computing sector has experienced volatility in recent sessions, with peers declining in after-hours trading, potentially dampening sentiment.

Rigetti Computing rose 7.3% today, driven by a broad quantum computing sector rally, with pre-market gains of 3.5% to $14.75, an intraday high of $15.37, and a close at $15.29, though it eased to $15.26 post-market. IONQ rose nearly 4% and QBTS nearly 6% in the sector; Q1 2026 revenue surged 198.91% YoY to $4.4 million, but EPS loss widened to -$0.0614 and net profit fell 22.31%, indicating profitability challenges. The stock remains 73.71% below its 52-week high of $58.15 and below the 20-day MA of $17.12, with a YTD decline of 35.21%, though the recent bounce may reflect short-term oversold conditions.

RGTI fell during regular trading to close at $14.475, pressured by a broad sell-off in quantum computing stocks, hitting an intraday low of $14.425 and down approximately 5.1% from the prior close of $15.250. The decline was in line with sector peers such as IONQ and QBTS, which also posted losses. On the earnings front, Q1 2026 revenue surged 198.91% year-over-year to $4.4 million, but EPS remained negative at -$0.0614, with losses widening 148.39% YoY, weighing on sentiment. From a price perspective, the stock is down 38.67% year-to-date, more than 75% below its 52-week high of $58.15, and trading below both the 20-day MA ($18.105) and 60-day MA ($19.541), reflecting persistent technical weakness. However, in after-hours trading, the stock rebounded to $15.300, suggesting some buying interest.

Rigetti Computing declined during regular trading, hitting USD 15.290 by 11:15 ET, sliding from a pre-market opening of USD 16.150 and retreating from an intraday high of USD 16.360, falling 2.45%. The quantum computing sector remained volatile, with RGTI rebounding nearly 5.5% intraday yesterday before giving back gains today, partly due to profit-taking after some call options surged 1500% on Tuesday. The company reported Q1 2026 revenue of USD 4.4 million, up 198.91% year-over-year, but net loss widened to USD 33.109 million, with EPS of -USD 0.0614, a 148.39% deterioration. The stock trades 73.71% below its 52-week high of USD 58.15, below its 20-day (USD 18.415) and 60-day (USD 19.628) moving averages, with a YTD decline of 35.23%. Though in after-hours trading, RGTI edged up 0.19%, suggesting some cautious buying interest.