Stock-Split Watch: Is Rigetti Computing Next?

Core Viewpoint - Stock splits can be used by companies to manipulate share prices and outstanding shares, and Rigetti Computing may be on stock-split watch due to its significant stock price increase and interest in quantum computing [2][3][10]. Group 1: Stock Splits Overview - Stock splits allow companies to change their share price and outstanding shares without affecting market capitalization, maintaining investors' equity positions [3][6]. - Traditional stock splits lower share prices while increasing the number of outstanding shares, whereas reverse stock splits do the opposite [3][5]. Group 2: Rigetti Computing's Performance - Rigetti Computing has gained attention in the quantum computing sector, with a market cap of $4.7 billion after a 1,370% increase in stock price over the past year [10]. - The company achieved a significant milestone with its 36-qubit system, which had a two-times lower gate error rate, and aims to replicate this success with a 100-qubit system [9]. Group 3: Stock Split Considerations - Rigetti previously faced potential delisting due to trading below $1 but has since complied with Nasdaq's requirements, reducing the need for a reverse stock split [10][11]. - Despite the stock's rise, there is no immediate necessity for Rigetti to conduct a stock split, as the current price of $15 is not seen as unattainable [10][12].