Stock Track | Rigetti Computing Plummets 11.11% Amid Concerns Over Quantum Computing's Near-Term Viability-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Rigetti Computing Plummets 11.11% Amid Concerns Over Quantum Computing's Near-Term Viability

Stock Track03-04

Rigetti Computing (RGTI) shares plummeted 11.11% in intraday trading on Monday, following doubts expressed by high-profile tech leaders about the near-term practical applications of quantum computing.

The stock's decline comes ahead of Rigetti's fourth-quarter 2024 earnings report scheduled for March 5th. Despite expectations of revenue growth and advancements in quantum processors, concerns over the industry's challenges and extended timeline for commercialization have weighed heavily on investor sentiment.

Recent comments from Meta CEO Mark Zuckerberg and NVIDIA CEO Jensen Huang suggesting that viable quantum computing applications may still be decades away have further added to the uncertainty surrounding the quantum computing market. These remarks have contributed to a broader market downturn affecting Rigetti and other quantum computing companies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Andyyipzh
·03-04
This Stock Track's comments are as fickle as the weather. "Predicting" matters that happened and views changing over and over again more than once a day. Lol
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Despite expectations of revenue growth and advancements in quantum processors, concerns over the industry's challenges and extended timeline for commercialization have weighed heavily on investor sentiment.</p>\n\n<p>Recent comments from Meta CEO Mark Zuckerberg and NVIDIA CEO Jensen Huang suggesting that viable quantum computing applications may still be decades away have further added to the uncertainty surrounding the quantum computing market. These remarks have contributed to a broader market downturn affecting Rigetti and other quantum computing companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGTI":"Rigetti Computing"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146932045","content_text":"Rigetti Computing (RGTI) shares plummeted 11.11% in intraday trading on Monday, following doubts expressed by high-profile tech leaders about the near-term practical applications of quantum computing.\nThe stock's decline comes ahead of Rigetti's fourth-quarter 2024 earnings report scheduled for March 5th. 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