Rigetti Computing Stock Slumps 3.35% Despite $350 Million Equity Offering, Trading Volume Drops to 47th Rank

On June 12, 2025, Rigetti Computing (RGTI) experienced a significant decline, with its trading volume dropping by 47.53% to 11.78 billion, ranking 47th in the day's stock market activity. The stock price fell by 3.35%.

Rigetti Computing recently completed a $350 million equity offering, which has bolstered its cash position to $575 million with no debt. This financial move is aimed at accelerating the company's growth and enhancing its quantum computing capabilities. The funds raised will also support strategic collaborations, positioning Rigetti as a leader in the quantum computing sector.

Additionally, Rigetti Computing's stock has seen positive momentum following remarks from Nvidia's CEO about the potential growth in quantum computing. This endorsement has contributed to investor confidence in the company's future prospects.