Why Rigetti Stock Fell 22% in July
Investors aren't happy with high-spending companies that don't turn a profit.
Overview
Shares of Rigetti Computing (NASDAQ: RGTI) fell 22.6% last month, according to data provided by S&P Global Market Intelligence, as investors grew impatient with unprofitable companies.
Investors rotated out of many AI stocks as skepticism spread that all the money being spent in the tech sector will eventually pay off, and some of that skepticism seems to have spread to quantum computing stocks as well.
Details
Here's what happened with Rigetti in July and why the stock will likely remain volatile.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.