How Rigetti's 2024 Quantum Dreams Turned Into 2025 Nightmares
Portfolio Pulse from
Rigetti Computing experienced a significant 48.1% stock price decline in Q1 2025, triggered by Nvidia CEO Jensen Huang's realistic assessment of quantum computing's timeline. Despite the drop, the stock remains up 925% over six months. The company's financial situation remains challenging, with $10.8 million in 2024 revenue against $59.8 million in R&D expenses.
April 08, 2025 | 8:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Stock declined sharply after Nvidia CEO's comments dampened quantum computing expectations, highlighting the company's speculative nature and cash burn.
Negative sentiment driven by realistic quantum computing timeline, high cash burn, and limited revenue suggest continued stock price pressure
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Jensen Huang's comments about quantum computing's long-term development potentially impact tech investor sentiment
Neutral impact as Nvidia provides market perspective without direct financial implications
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50