Rigetti Computing Stock Draws Retail Buzz After Quantum Timeline Slips And Insider Sale Surfaces
Synopsis
Rigetti had said in July that it remains on track to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025 but it is yet to materialize.
- Company director Fitzgerald Alissa sold nearly 60,000 shares.
- Rigetti is one of several companies advancing quantum computing technologies aimed at solving complex problems in areas such as cryptography, drug discovery and financial modeling.
Shares of Rigetti Computing (RGTI) garnered retail investor interest on Friday as the community debated its missed deadline for delivering a 100+ qubit chiplet-based system by the end of 2025.
Rigetti had said in July that it remains on track to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025. However, walking into 2026, there has been no announcement from the company of the said system.
To further concerns and drag down investor sentiment, the company announced in a filing with the Securities and Exchange Commission that its director Fitzgerald Alissa sold nearly 60,000 shares of the company.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around RGTI stayed within the ‘bullish’ territory, accompanied by ‘normal’ message volume.
A Stocktwits user highlighted the insider share sale on Friday as a sign of the company’s downfall.
Another expressed hopes for the stock hitting $90.
Rigetti is one of several companies advancing quantum computing technologies aimed at solving complex problems in areas such as cryptography, drug discovery and financial modeling.
The company said in late September it secured about $5.7 million in purchase orders for two 9-qubit Novera quantum systems, with deliveries targeted for the first half of 2026. Earlier in September, Rigetti also won a $5.8 million contract from the U.S. Air Force Research Laboratory to lead work on superconducting quantum networking.
RGTI stock has gained 18% over the past 12 months.
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