The quantum computing stock is finally seeing green.
Shares of Rigetti Computing (NASDAQ: RGTI) soared on Friday, finishing the day up 18.3%.
The major gain wasn’t driven by company-specific news; rather, the quantum computing developer’s stock was caught up in a broader tech rally.
Today’s Change
(17.96%) $2.69
Current Price
$17.66
Key Data Points
Market Cap
$4.9B
Day’s Range
$15.34 – $17.73
52wk Range
$6.86 – $58.15
Volume
1.4M
Avg Vol
37M
Gross Margin
-6849.48%
The market recovers
After a brutal four days of trading that saw the tech-heavy Nasdaq Composite lose nearly 4.5%, today marked a sharp reversal, with the index finishing the day up 2.1%. The sell-off was sparked by renewed fears of an artificial intelligence (AI) bubble, fueled by a round of big tech earnings revealing that the already staggering spending spree is accelerating.
Alphabet expects to spend between $175 billion and $185 billion on capital expenditures in 2026, roughly doubling the already hefty spend of 2025. Amazon followed with guidance for $200 billion in capex this year, up 60% from its previous $125 billion projection, while Meta and Microsoft have similarly ratcheted up their infrastructure budgets, with the collective spending by the major hyperscalers now projected to exceed $560 billion in 2026.
Should you buy Rigetti Stock?
Image source: Getty Images.
Rigetti faces a fundamental challenge that its fellow quantum computing pure-plays face too: the timeline to commercial viability is likely much further away than its valuation suggests. The company’s more than $5 billion market capitalization assumes that breakthrough success is relatively close — within a few years. There’s plenty of reason to believe it will be much further away.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
