Rigetti Computing's $109.6 Million Trading Volume Drops 27.15% Amid Quantum Computing Advancements

On May 27, 2025, Rigetti Computing (RGTI) saw a trading volume of $109.6 million, marking a 27.15% decrease from the previous day. Despite this, the stock price rose by 1.21%, marking the third consecutive day of gains and a total increase of 29.47% over the past three days.

Rigetti Computing's founder, Chad Rigetti, recently launched a new quantum firm called Sygaldry, which aims to differentiate itself from competitors by focusing on AI integration, a strategy that Rigetti believes will set it apart in the quantum space.

Rigetti Computing reported its first quarter earnings on May 12, 2025, revealing a decline in revenue from the previous quarter. The company is pursuing quantum advantage, which has led to a decrease in short-term financial performance as it invests in research and development.

Rigetti Computing's CEO, Dr. Subodh Kulkarni, discussed the company's latest earnings and the future of quantum computing. Despite a stock sell-off post-earnings, Kulkarni remains optimistic about the long-term prospects of quantum computing and Rigetti's role in the industry.

Rigetti Computing has been granted an award by the Air Force Office of Scientific Research to further develop breakthrough chip fabrication technology. This $5.48 million project involves a consortium of universities and research institutions, highlighting Rigetti's commitment to advancing quantum technology.

Rigetti Computing, in collaboration with Riverlane and the National Quantum Computing Centre, has been selected as a winner of Innovate UK's Quantum Missions pilot competition. This collaboration aims to advance quantum error correction capabilities on superconducting quantum computers, furthering Rigetti's position in the quantum computing landscape.