Overview
- Shares rose 15.44% to $30.06 in the latest session, marking a third straight day of gains.
- Market optimism was linked to expectations for a Federal Reserve rate cut next week, with some economists forecasting a 25-basis-point move.
- The stock is still down about 42% over the past month after a prior rally that followed Google’s Willow announcement.
- Third-quarter revenue was roughly $1.9 million, down about 18% year over year, alongside a net loss of approximately $201 million.
- Rigetti says it remains on track for a 150+ qubit system by end-2026 and 1,000+ qubits by 2027, while commentary points to limited near-term commercial use.