Shares of Rigetti Computing (NASDAQ: RGTI) plummeted 5.02% in intraday trading on Tuesday, as investors appear to be selling off ahead of the company's upcoming third-quarter earnings release. The quantum computing pioneer announced that it will report its Q3 2025 financial results on November 10, after the market close.

The sharp decline in Rigetti's stock price suggests that investors may be anticipating disappointing results or have concerns about the company's near-term prospects. Wall Street analysts are projecting a net loss of 4 cents per share on revenue of $2.26 million for the quarter, which represents a slight sequential decline from the previous quarter's revenue of $2.38 million.

Despite recent positive sentiment in the quantum computing sector, fueled by speculation about potential government support and increased attention during Nvidia's GTC event, Rigetti's stock has taken a hit. This sell-off comes just days after the stock had seen gains, highlighting the volatile nature of speculative tech stocks in the quantum computing space. Investors will be closely watching Rigetti's earnings report and subsequent conference call on November 11 for insights into the company's performance and future outlook in the competitive quantum computing industry.