Rigetti Computing (RGTI) experienced a sharp 5.04% decline in post-market trading on Thursday, following news of a director's share disposal and possibly due to profit-taking after Wednesday's surge. The quantum computing company's stock price movement comes amid renewed industry optimism sparked by Nvidia CEO Jensen Huang's bullish comments on quantum technology.
According to a regulatory filing, Rigetti Computing's Director Alissa Fitzgerald reported a disposal of common shares in the company. While the exact details of the transaction were not immediately available, such insider selling often raises concerns among investors and can lead to downward pressure on stock prices.
The plunge follows a significant 11.39% gain on Wednesday, which was part of a broader rally in quantum computing stocks. This surge was triggered by Nvidia CEO Jensen Huang's declaration that "quantum computing is at a turning point" during his speech at the GTC Paris 2025. Huang's remarks represented a significant shift from his earlier cautious stance on the technology, leading to increased investor interest in the sector. Despite this positive industry outlook, Rigetti's stock appears to be facing short-term headwinds, possibly due to profit-taking and the director's share disposal.
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