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Why Did Rigetti Computing, Inc. (RGTI) Go Down on Friday?
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The quantum Sector was unable to continue its upward trend this week, with Rigetti Computing (RGTI.US) experiencing the largest decline.
On Friday, the stock prices of several publicly listed companies in the quantum computing sector plummeted.
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Quantum Computing, Rigetti, and D-Wave Stocks Fall. It's a Volatile Group. -- Barrons.com
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NVIDIA and Microsoft have officially announced their involvement, bringing the "Transformer moment" of quantum computing closer.
NVIDIA officially announced this week that it will host the first "Quantum Day" during the GTC conference from March 17 to 21.
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The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
Rigetti Computing Options Spot-On: On January 16th, 274.22K Contracts Were Traded, With 986.05K Open Interest
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D-Wave and Quantum Computing Stocks Are on the Rise. What You Should Know. -- Barrons.com
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