Rigetti Computing Stock Surges: Can RGTI Ride the Quantum Hype or Is It Overvalued?

Summary:
• Can Rigetti Computing sustain the quantum hype or is this a bubble ready to burst? Key analysis and price levels covered here...

Rigetti Computing (RGTI) shares are in the spotlight after a volatile trading session, dipping 2.76% to $10.91 on Monday following a 29% surge on Friday. The recent spike was primarily driven by the massive 40% rally in D-Wave Quantum (QBTS), which soared on news of a staggering 502% increase in Q4 bookings, reaching $18.3 million, alongside bold claims of quantum supremacy.

Technical Analysis – Where Is Rigetti Headed?

Currently, Rigetti Computing is trading near $10.56, just below key resistance at $10.93. If RGTI breaks above this level, we could see further upside.

• Resistance Levels:
  • $10.93 – Immediate resistance a breakout could fuel a rally.
  • $12.29 – Next target if bullish momentum continues.
  • $15.19+ – A move above could trigger a new uptrend.
• Support Levels:
  • $9.92 – Holding this level keeps the short-term bullish outlook intact.
  • $7.04 – A deeper pullback could find buyers here.
  • $5.92 – A breakdown below this would signal further weakness.

Final Thoughts – Quantum Boom or Bubble?

Rigetti Computing’s latest rally showcases the growing excitement around quantum computing stocks, but investors should remain cautious. The stock’s strong momentum and correlation with D-Wave Quantum (QBTS) suggest a short-term upside, but volatility remains a key risk. Whether RGTI will sustain its gains or fall victim to speculative hype depends on upcoming industry developments and investor sentiment.