Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock has declined due to investor concerns over potential U.S. export restrictions that could disrupt global supply chains and impact international sales for quantum computing companies. This policy shift has contributed to the recent drop in stock prices. Furthermore, Google’s quantum breakthrough has heightened competition, increasing performance expectations for startups like Rigetti.
More about Rigetti Computing
YTD Price Performance: 80.30%
Average Trading Volume: 73,598,285
Technical Sentiment Signal: Buy
Current Market Cap: $12.97B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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