Overview
- Rigetti jumped on Thursday on reports that the Trump administration was considering taking equity stakes in quantum firms, then fell after Commerce officials said no talks were underway.
- For the week, Rigetti shares were down about 13.6% even as major indexes rose, reflecting sharp swings tied to policy headlines and trading momentum.
- A rumor that CEO Subodh K. Kulkarni sold all his shares pressured the stock, but subsequent reporting said he still holds roughly 0.8% via options.
- Commentary highlighted significant insider selling, including a director’s roughly $2.8 million sale, with Jim Cramer cautioning that heavy sales and ongoing losses raise risk.
- Beyond headlines, Rigetti disclosed two quantum system sales totaling $5.7 million and cites partnerships with AWS, NASA, and Deloitte, though the company remains unprofitable.