Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing Inc.’s stock has experienced a significant drop due to accusations of misleading investors about its quantum computing advancements, further compounded by NVIDIA’s CEO expressing doubts about the near-term viability of quantum computing. Despite this downturn, Alliance Global Partners has surprisingly raised Rigetti’s price target, banking on potential contracts and funding from government initiatives, highlighting a challenging yet opportunity-laden path for the company.
More about Rigetti Computing
YTD Price Performance: -38.25%
Average Trading Volume: 150,302,162
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.11B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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