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Why Rigetti Stock Fell 22% in July

TheMotleyFool

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Shares of Rigetti Computing (NASDAQ: RGTI) fell 22.6% last month, according to data provided by S&P Global Market Intelligence, as investors grew impatient with unprofitable companies.

Investors rotated out of many AI stocks as skepticism spread that all the money being spent in the tech sector will eventually pay off, and some of that skepticism seems to have spread to quantum computing stocks as well.

Here's what happened with Rigetti in July and why the stock will likely remain volatile.

Source Fool.com

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