Why Rigetti Computing Stock Fell 36% in February
Rigetti Computing (NASDAQ: RGTI), one of a group of high-flying quantum computing stocks, took a dive last month as a combination of news items and macroeconomic concerns weighed on the stock.
Shares of Rigetti, which currently has negligible revenue, have soared in recent months on investor excitement over quantum computing, but the stock remains a speculative play. Because of that, the stock is highly volatile, so it wasn't surprising that it didn't take much for the stock to fall 36% last month, according to data from S&P Global Market Intelligence.
As you can see from the chart below, the stock fell over most of the month as investor hopes for Rigetti and its start-up quantum computing peers soured.
Source Fool.com
