Overview
- Rigetti shares were recently up 2.96% at $41.42 on Tuesday, according to Benzinga Pro data.
- Recent gains followed reports that the Trump administration considered taking equity stakes in key quantum firms, though the Commerce Department said it is not currently negotiating such stakes.
- Benzinga said investor attention on quantum names also relates to Nvidia’s GTC event in Washington, D.C., which is expected to feature quantum computing discussions.
- Wall Street projects Rigetti will post a loss of $0.04 per share on revenue of $2.26 million when it reports after the bell on Nov. 10.
- Analysts’ revenue forecast implies a slight sequential decline from the prior quarter’s $2.38 million, while Benzinga Edge assigns the stock a 99.85 Momentum score.