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Rigetti Ticks Up as Quantum Rally Eases

Attention shifts to the Nov. 10 earnings report, with projections calling for a 4-cent loss on $2.26 million in revenue.

Overview

  • Rigetti shares were quoted up 2.96% at $41.42 on Tuesday, consolidating after Monday’s gains.
  • Quantum names advanced after reports that the Trump administration was considering equity stakes in key firms to bolster national security.
  • The Commerce Department stated it is not currently negotiating such investments, keeping the policy outlook uncertain.
  • Nvidia’s GTC event in Washington, D.C., is expected to feature quantum discussions and may be drawing added investor attention.
  • Analysts expect a slight sequential revenue dip from $2.38 million last quarter, and Benzinga’s Momentum score for the stock stands at 99.85.