Rigetti Computing Plunges 8.84% in 590M Trading Volume Ranking 167th as Revenue Tumbles 42% and Macroeconomic Pressures Intensify

On August 19, 2025, Rigetti Computing (RGTI) fell 8.84% with a trading volume of $590 million, up 32.53% from the prior day. The stock ranked 167th in volume among U.S. equities. Recent earnings highlighted a 42% year-over-year revenue decline to $1.8 million and a near $40 million net loss, underscoring operational challenges. Analysts noted the stock’s sensitivity to macroeconomic pressures, including weak labor data and higher-than-expected inflation, which amplified risk-off sentiment in growth sectors like quantum computing.

Market dynamics further pressured RGTI as investors recalibrated expectations for Federal Reserve rate cuts. A recent Producer Price Index (PPI) report showed 0.9% core inflation, exceeding forecasts, while Home Depot’s tariff-linked price hikes reinforced inflationary concerns. Rigetti’s valuation, trading at 605 times forward sales, faces scrutiny amid prolonged development timelines for quantum applications. Despite operational progress, analysts caution the sector remains speculative, with potential economic downturns posing risks to high-multiple plays.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a 1.98% average daily return, with a total return of 7.61% over 365 days. A Sharpe ratio of 0.94 indicated favorable risk-adjusted performance, though a maximum drawdown of -29.16% highlighted vulnerability during market declines.