Rigetti Computing (NASDAQ: RGTI) stock posted explosive gains across 2024. The quantum computing company's share price closed out the year's trading up 1,449.4%, according to data from S&P Global Market Intelligence.

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

Based in Berkeley, California, Rigetti Computing is valued at $2.43 billion and initiated operations in 2013. The stock had an eventful 2024. Shares gained 1,700% and continued their momentum into 2025, gaining 20% in the opening week of the new year.

Investors and traders will take their cue from the round numbers. The stock is likely to break back below $10 followed by a decline to $7.50 and then possibly $5. Each of these price levels will see investors and traders step in to “Buy the Dip” on the way down.

Rigetti offers full-stack quantum-classical computing. RGTI's advancements promise significant growth and reduced error rates. Find out why the stock is a hold.

Shares of leading firms nose-dive after Nvidia’s Jensen Huang suggests a generational wait for fully functional quantum tech. We’ve been told that the future is now, but it seems it’s not quite here yet—at least not for quantum computing.

The gains came after Nvidia CEO Jensen Huang triggered a selloff in quantum computing stocks earlier this week with his remarks about the technology’s development.

Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected. Valuations in the nascent space had been

CEO Jensen Huang said that “very useful quantum computers” are likely 20 years away. The commentary from the tech executive caused an immediate negative reaction in quantum computing stocks, sending popular names like IonQ (IONQ) and Rigetti Computing (RGTI) down between 40% and 50% on Jan.