On July 7, Rigetti Computing fell 5.68% in regular trading, trading at $16.41/share, with turnover of $128 million.

The decline was driven by a broad semiconductor sector selloff combined with insider reduction signals. The semiconductor sector experienced significant systematic selling pressure, with Intel down over 10%, Marvell Technology down over 9%, Micron Technology down over 8%, and NVIDIA down over 2%.

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, further weighing on market sentiment. On the fundamental side, while Q1 revenue reached $4.4 million representing approximately 199% year-over-year growth, net profit declined 22.31% year-over-year, with the company remaining in a loss-making state.

(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.)