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Rigetti's disappointing revenue results highlight challenges in quantum computing, which may impact QUBT's market perception, similar to historical investor reactions following poor earnings in tech.
What happened, with direct paths to the underlying reporting
Rigetti Computing's shares dropped 4.6% to $31.57 after Q3 earnings. Earnings report indicated smaller-than-expected losses but lower revenue than estimates. Investor focus is shifting towards quantum computing stocks. Market performance may affect competitor sentiments, including QUBT.
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