Rigetti Computing's stock fell sharply by 5.77% during intraday trading on Wednesday, extending a recent downward trend.
The decline is attributed to continued post-earnings profit-taking and investor concerns about the company's path to profitability. Despite reporting first-quarter revenue that tripled year-over-year to $4.4 million, Rigetti's operating losses widened to $26 million, raising questions about its financial sustainability even as top-line growth remains strong.
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