
Rigetti Computing Inc. (RGTI) experienced a significant surge in its stock price, with shares rising by as much as 36% during trading and an additional 16% in pre-market trading. The company, a leader in the quantum computing sector, saw its stock become one of the most actively traded, with 204 million shares changing hands on a day when the total shares outstanding are 280 million. This surge contributed to Rigetti's stock tracking toward a record high, fueled by continued year-end momentum in the quantum computing industry. Other quantum computing stocks like QUBT, QBTS, and QMCO also saw gains, though not as pronounced as RGTI's. The heightened trading volume and volatility in Rigetti's stock have attracted attention from day traders and retail investors, with the stock being among the most focused on by retail investors according to recent data. Additionally, Rigetti's stock showed a weekly Relative Strength Index (RSI) of 97, indicating overbought conditions, and there was notable activity in options trading with 875 May $31 calls being bought. The stock's trading volume has averaged about 71% of its market cap over the past two weeks.







I view today's action as an aftershock. It was expected. Quantum computing stocks like $Qmco, $Qubt. $Arqq, $Qbts, and $Rgti are the over inflated and best shorts out there. I tried all of the above today on the open personally and they are not available except "Rigatoni"… https://t.co/rUDp9HMjVE
Going crazy about quantum computing and quantum computing consequences: Rigetti Computing’s $ volume traded has averaged about 71% of its mkt cap for the past 2 weeks SEALSQ (whose biz is quantum-resistant hardware solutions) has been turning over ~140% of its mkt cap https://t.co/488KuFUISH
🔴🔴 $TSLA $NVDA $AAPL $PLTR $MSTR https://t.co/XEdzywWpW2