On May 28, Rigetti Computing fell 5.65% in pre-market trading, trading at $23.97 USD/share, with trading volume of approximately $5.91 million.

The decline was driven by two converging factors. First, the semiconductor sector was broadly under pressure, with Micron Technology down 1.18%, Intel down 2.20%, and Marvell Technology down 1.91%, creating systemic drag on RGTI. Second, the stock experienced significant profit-taking following a sharp rally of over 50% from May 21 to 22, triggered by the U.S. Commerce Department announcing approximately $2 billion in federal funding for nine quantum computing companies, with Rigetti expected to receive around $100 million.

The stock had already pulled back 6.65% during regular trading on May 26, and the current pre-market decline represents a continuation of that post-rally digestion. Short-term selling pressure intensified as investors locked in gains from the prior surge.

(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.)