Rigetti Computing (RGTI) Stock Plunges on Downgrade and Funding Concerns

TLDR Rigetti Computing (RGTI) stock plunged 8.8% Thursday to $14.99 after TD Cowen downgraded from buy to hold Analyst warns company needs $300 million+ for new fab by 2028 with only $525 million cash and $70-80 million annual burn Missing DARPA’s QBI Stage B program means losing $1 million+ quarterly funding and competitive advantage Stock [...]

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