Rigetti Computing Stocks Plummet as Retail Sentiment Sours and Bearish Options Increase
Rigetti Computing experienced a significant drop in stock value on Wednesday. This decline is attributed to shifting sentiments among retail investors and an increase in bearish options activity.
Impact of Retail Sentiment
A recent post on Reddit’s r/WallStreetBets, shared by user bespoketrancheop, caught substantial attention. The post featured a Google Street View image of Rigetti’s headquarters as of March 2025. It became one of the most popular discussions about Rigetti on the forum within the past seven months.
An Ongoing Debate
While the image drew attention, some commenters noted that such posts have existed since Rigetti’s stock price was $11. Observers criticized the post’s reliance on Google Street View for investment decisions, calling it inadequate due diligence.
Quantum Fab Facility
Contrasting the Reddit post’s depiction, Rigetti’s Quantum Fab manufacturing facility in Fremont is lauded for developing cutting-edge technology.
Options Market Activity
Meanwhile, the options market reflected a bearish outlook for Rigetti. There was a notable demand for put options with a $50 strike price, set to expire on Friday. With open interest initially below 7,000, these contracts saw volumes exceeding 30,000. This indicates increased bets on a decline in the company’s stock.
At Emegypt, this downturn appears linked to short-term market speculations rather than substantial news driving the quantum computing sector. This mirrors periods when quantum computing stocks have increased without clear reasons.
