$RGTI

Intel (INTC), GlobalFoundries (GFS), Aeluma (ALMU), and Wolfspeed (WOLF) have seen losses of at least 40% over six months, outperforming the sector's 18% decline. The US government's semiconductor investments, including these stocks, have underperformed, with critics citing historical data on government ownership. Quantum computing stocks like D-Wave (QBTS) and Infleqtion (INFQ) are also part of the portfolio.

Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) each rose 17% after IonQ raised its 2026 revenue guidance to $505-515M. Rigetti's Q2 revenue was $5.1M, with analysts expecting $23.3M for 2023 and $83.4M by 2028. D-Wave's revenue nearly tripled to $24.6M in fiscal 2025, with estimates at $42.5M for 2023 and $148M by 2028. Both companies report earnings on Nov. 10.

Rigetti Computing (RGTI) shares fell 32.5% in a month, ending at $9.85, their lowest in a year. Historically, RGTI has underperformed the S&P 500 during market sell-offs, with an average decline of 52.2%. Revenue grew 68.5% YoY to $13.4M, but gross margins decreased to 34.6%. The company has $541.3M in cash and no debt, but negative $87.6M in free cash flow.

Wedbush reduced price targets for quantum computing stocks, citing slower growth expectations for 2027-2028 and IonQ's recent equity raise. The firm highlights Infleqtion's technical execution, IonQ's scale, and upside potential in Rigetti and D-Wave, considering factors like milestones, federal support, and AI-driven R&D.

Rigetti Computing (RGTI) shares may swing 9.2% on earnings, per options data. Historically, the stock has exceeded implied moves in 3 of 8 earnings reports, including a 35.7% jump in August. The company reports earnings on November 10 after market close.

Rigetti Computing (RGTI) shares fell 75% after B. Riley downgraded it to Neutral in Nov. 2025, citing government funding delays and stretched valuation. Revenue missed estimates, but later grew. B. Riley upgraded to Buy in Jan. 2026 with a lower target. Analysts' average target is $28.52, but shares trade near $11.61. RGTI trades at 310x trailing sales with no debt and $541.29M in cash.

IonQ (IONQ) and Rigetti Computing (RGTI) are pure-play quantum computing companies. IonQ uses trapped ion technology, achieving 99.99% two-qubit gate fidelity, and reported $80M in Q2 revenue, up 287%. Rigetti uses superconducting methods, with faster gate speeds but lower accuracy, and saw Q2 revenue rise 185% to $5B. Both stocks have fallen over 30% YTD.

AST SpaceMobile (ASTS) fell 11% to $36.08, CoreWeave (CRWV) dropped 8% to $49.46, and Rigetti (RGTI) declined 5% to $10.60, hitting 52-week lows. ASTS faces competition from SpaceX, CRWV struggles with AI infrastructure funding costs, and RGTI's price target was cut by B. Riley. All three stocks have declined significantly this year.

B. Riley Securities kept its Buy rating on Rigetti Computing but reduced its price target to $25 from $35, a 28.6% cut. The new target suggests a 122.2% upside from the Oct 30 close of $11.25.

Quantum computing stocks rebounded in premarket trading, with IonQ (IONQ) up 1.66%, D-Wave (QBTS) and Rigetti (RGTI) each gaining 1.78%, and others also rising. IonQ's Q3 earnings are due Nov. 5, with expected revenue of $141.2M and a loss of $0.34 per share. Other companies report earnings next week, with analysts expecting varied revenue growth and losses.