Rigetti Computing (NasdaqCM:RGTI) Skyrockets 109% Despite US$153 Million Net Loss
Rigetti Computing (NasdaqCM:RGTI) experienced a remarkable share price increase of 109% over the last quarter, which stands out against a background of broader market volatility and declines. Despite reporting a sharp decline in both fourth-quarter sales, down to USD 2.27 million, and a significant widening of net loss to USD 152.96 million, Rigetti’s market performance was still strong. This rise coincided with strategic moves, such as a USD 35 million private placement, which showed robust...