Shares of quantum computing firm Rigetti Computing Inc (NASDAQ:RGTI) are navigating a volatile session on Friday, amid broad market weakness. Here’s what investors need to know.
What To Know: Major indexes are trading lower after President Donald Trump’s social media post threatening a “massive increase of Tariffs on Chinese products” sparked renewed trade war fears. This uncertainty has pushed investors toward selling off riskier assets, concerned about rising business costs and a potential global economic slowdown.
Despite the market turmoil, Rigetti stock has recently been lifted by a string of positive, company-specific news. Benchmark analyst David Williams recently reiterated a Buy rating, more than doubling his price target to $50.
This optimism is fueled by Rigetti securing $21 million in 2025 contracts and its exceptionally strong financial position, including a $571 million war chest. Key partnerships with tech giants like Nvidia also bolster its competitive standing, offering a compelling counter-narrative to investors in an anxious market.
EXCLUSIVE: Rigetti Turns Contracts Into Credibility On Its 4-Year Quantum Roadmap
Benzinga Edge Rankings: Underscoring its powerful performance, the stock earns a nearly perfect Momentum score of 99.92 from Benzinga Edge rankings.
RGTI Price Action: Rigetti Computing shares were flt at $46.93 at the time of publication Friday, according to Benzinga Pro. Over the past month, RGTI has gained about 190%.
Read Also: Silver’s Explosive Move May Be Yet To Come, Analysts Say
How To Buy RGTI Stock
By now you’re likely curious about how to participate in the market for Rigetti Computing – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Rigetti Computing, which is trading at $48.69 as of publishing time, $100 would buy you 2.05 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Image: Shutterstock
