Rigetti Computing (RGTI) Extends Losses as Funds Flee to Big Names

Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) has experienced significant losses, falling for three consecutive days as investors shift their focus from quantum computing stocks to larger earners during the third quarter earnings season [1][2] - The decline in Rigetti's stock is part of a broader trend affecting other quantum computing companies such as Quantum Computing Inc., IonQ Inc., and D-Wave Quantum Inc., indicating a decrease in investor appetite for the quantum computing sector [2] - Despite receiving $5.7 million in new orders for its 9-qubit Novera computing system, Rigetti remains in a pre-profit stage, relying heavily on fundraising to support business expansion [3][2] Group 2 - The quantum computing industry is characterized by rising valuations and government support, yet it continues to struggle with profitability, which may deter investors in favor of more established sectors [2] - There is a belief that certain AI stocks present better investment opportunities compared to Rigetti, suggesting a potential shift in investment strategies among market participants [4]