Rigetti Computing Inc (NASDAQ:RGTI) shares are trading higher on Monday. Investors are positioning themselves ahead of the company’s first-quarter 2026 earnings report. The results will cross the wire after the market closes today.
Peers like IonQ Inc (NYSE:IONQ) and D-Wave Quantum Inc (NYSE:QBTS) also saw significant gains on Monday.
Earnings Expectations and Financial Targets
Wall Street analysts expect Rigetti to report a loss of 4 cents per share. Revenue estimates sit at $1.47 million for the quarter. The stock has gained over 13% since last week.
Short Interest and Liquidity Dynamics
Recent data shows a slight decline in bearish bets. Short interest fell from 49.22 million to 48.24 million shares.
Currently, 14.59% of the float remains short. With an average daily volume of 29.59 million shares, it would take shorts 1.63 days to cover.
The Nvidia Catalyst and Sector Momentum
The rally follows NVIDIA Corp (NASDAQ:NVDA) unveiling a new AI toolset for quantum processors in April, which acted as a sector-wide catalyst.
2026: The Breakout Year for Quantum
S&P Global 451 Research indicates global quantum investment topped $55 billion in 2025. Analysts noted in an April 16 report that “2026 is triggering change.” They stated, “deployment and commercial conversations are increasingly supplanting hypotheticals.” Rigetti remains a key benefactor of this shift toward enterprise-ready quantum solutions.
RGTI Stock Price Activity: Rigetti Computing shares were up 7.26% at $20.32 at the time of publication on Monday, according to Benzinga Pro data.
Photo by PJ McDonnell via Shutterstock
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