Rigetti Computing Under Investigation After Stock Plunge Amid Nvidia CEO’s Quantum Computing Outlook
Bronstein, Gewirtz & Grossman, LLC, a renowned law firm specializing in securities fraud, has initiated an investigation on behalf of investors who purchased shares of Rigetti Computing, Inc. (NASDAQ:RGTI). The investigation follows a sharp drop in Rigetti’s stock price, raising questions about potential claims related to the company’s securities.
The Catalyst: Nvidia CEO’s Comments Impact Quantum Computing Stocks
On January 8, 2025, Rigetti’s stock, along with other quantum computing companies, experienced a drastic selloff. This occurred after Nvidia CEO Jensen Huang publicly stated that “very useful quantum computers” are likely 20 years away from becoming a reality. The comment cast doubt on the near-term potential of quantum computing, leading to a 45% drop in Rigetti’s stock price. The company’s shares fell $8.35 to close at $10.04 on the same day.
Investor Actions Encouraged
Investors who purchased Rigetti securities are urged to assist in the ongoing investigation by visiting the firm’s dedicated page: bgandg.com/RGTI. Providing information related to the matter can help strengthen the investigation, which aims to determine whether Rigetti’s management or operations may have misled investors or violated securities laws.
How to Participate in the Investigation
For those who purchased Rigetti securities or have insights regarding the investigation, Bronstein, Gewirtz & Grossman, LLC invites you to:
- Visit their site for more information: bgandg.com/RGTI
- Contact Peretz Bronstein or Nathan Miller at 332-239-2660
Why Choose Bronstein, Gewirtz & Grossman?
Bronstein, Gewirtz & Grossman, LLC is nationally recognized for its work in securities fraud class actions and shareholder derivative suits. With a proven track record of recovering hundreds of millions of dollars for investors, the firm operates on a contingency fee basis. This ensures that investors face no upfront costs, with attorneys’ fees and expenses only collected if the firm is successful in securing compensation.
What’s Next for Rigetti Investors?
The investigation will seek to uncover whether Rigetti’s leadership adequately disclosed relevant risks or engaged in actions that might have contributed to the stock’s precipitous decline. The recent market response highlights the volatility surrounding the quantum computing industry, which remains in its nascent stages.
Investors are encouraged to act swiftly to protect their rights and potentially recover losses related to their investments in Rigetti Computing.
