Rigetti Computing is trading at $17.31 (+4.72%) as July payrolls unexpectedly fell by 23,000, increasing expectations for Federal Reserve rate cuts and supporting technology and growth stocks.
- The Nasdaq Composite was up 0.86%.
- August 6 earnings showed $5.1 million in revenue and $541.3 million in cash, while widening losses and operating expenses remain concerns.
- No additional company-specific announcement clearly explains the August 7 intraday gain.