Rigetti Computing’s shares experienced a notable rise of about 6.6%, closing at $23.60 amid significant trading activity. This surge comes even as a director, Alissa Fitzgerald, filed an SEC Form 144, indicating plans to sell up to 59,316 shares valued at approximately $1.31 million. The shares were originally acquired through compensation in June 2025.
On Friday, Rigetti’s stock fluctuated between $21.63 and $24.00, with a trading volume of around 37.4 million shares, reflecting the volatility often seen in the quantum computing sector. This segment has garnered attention for its erratic market behavior, driven more by investor sentiment than immediate fundamentals.
Rigetti’s performance aligns with trends observed in other quantum-computing stocks—IonQ, D-Wave, and Quantum Computing Inc. also saw gains, with IonQ increasing by about 4.3%, D-Wave rising roughly 7.6%, and Quantum Computing Inc. up around 7.3%.
As broader markets display mixed signals, investors remain vigilant, particularly regarding U.S. interest rates, a significant influencer on speculative growth stocks. Federal Reserve Bank of Philadelphia President Anna Paulson indicated that further rate cuts might be on hold as officials continue to evaluate the economic landscape following last year’s easing measures.
Rigetti, which specializes in building quantum computers using superconducting circuits and offering access to its systems primarily through cloud services, operates a business model that can yield uneven revenue based on contract milestones. Traders will be closely monitoring whether the positive momentum from recent sessions persists as major economic indicators are set to be released next week, including the U.S. manufacturing PMI and the Labor Department’s jobs report.
The upcoming earnings report, projected for early March, also stands as a significant catalyst for the company, adding to the anticipation surrounding Rigetti and its competitors in the quantum-computing arena. As the market dynamics evolve, Rigetti’s ability to capitalize on its growth potential remains a point of interest among investors and analysts alike.