On July 8, Rigetti Computing fell 5.12% in pre-market trading, trading at approximately $15.70/share, with turnover of $2.42 million. The decline follows continued broad-based selling pressure across the semiconductor sector.

On the sector front, the semiconductor industry extended its prior session selloff, with Micron Technology down 6.38%, Intel down 5.22%, Advanced Micro Devices down 2.63%, Broadcom down 2.56%, and NVIDIA down 1.86%, indicating significant systemic headwinds weighing on the group. Additionally, company executive Rivas David previously filed a Form 144 indicating plans to sell 499,328 shares of common stock valued at approximately $12.68 million, a signal that has further dampened market sentiment. The company reported Q1 revenue of $4.4 million, representing approximately 199% year-over-year growth, but net losses widened by 22.31% year-over-year, with fundamentals remaining in loss-making territory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)