Rigetti Computing, Inc. is trading at $11.40 (down 10.7%) as a broader tech sell-off and rising interest rate concerns drive profit-taking in speculative growth stocks.
- The stock is extending a sharp weekly pullback following a strong prior run, mirroring a wider risk-off move across the Nasdaq and other growth assets.
- Market pressure follows stronger-than-expected U.S. jobs data, which has increased expectations for a higher-for-longer interest rate environment.