Why Did Rigetti Computing Stock Soar 18.3% Today?
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By Johnny Rice – Feb 6, 2026 at 5:19PM ESTKey PointsRigetti Computing stock followed a broader tech rally as investors dove back into speculative stocks.The rebound follows a brutal four-day Nasdaq sell-off of nearly 4.5%, driven by fears of an AI bubble.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: RGTIRigetti ComputingMarket Cap$4.9BToday's Changeangle-down(17.96%) $2.69Current Price$17.66Price as of February 6, 2026 at 3:58 PM ETThe quantum computing stock is finally seeing green.Shares of Rigetti Computing (NASDAQ: RGTI) soared on Friday, finishing the day up 18.3%. The major gain wasn't driven by company-specific news; rather, the quantum computing developer's stock was caught up in a broader tech rally. ExpandNASDAQ: RGTIRigetti ComputingToday's Change(17.96%) $2.69Current Price$17.66Key Data PointsMarket Cap$4.9BDay's Range$15.34 - $17.7352wk Range$6.86 - $58.15Volume1.4MAvg Vol37MGross Margin-6849.48% The market recovers After a brutal four days of trading that saw the tech-heavy Nasdaq Composite lose nearly 4.5%, today marked a sharp reversal, with the index finishing the day up 2.1%. The sell-off was sparked by renewed fears of an artificial intelligence (AI) bubble, fueled by a round of big tech earnings revealing that the already staggering spending spree is accelerating. Alphabet expects to spend between $175 billion and $185 billion on capital expenditures in 2026, roughly doubling the already hefty spend of 2025. Amazon followed with guidance for $200 billion in capex this year, up 60% from its previous $125 billion projection, while Meta and Microsoft have similarly ratcheted up their infrastructure budgets, with the collective spending by the major hyperscalers now projected to exceed $560 billion in 2026. Should you buy Rigetti Stock? Image source: Getty Images. Rigetti faces a fundamental challenge that its fellow quantum computing pure-plays face too: the timeline to commercial viability is likely much further away than its valuation suggests. The company's more than $5 billion market capitalization assumes that breakthrough success is relatively close -- within a few years. There's plenty of reason to believe it will be much further away.Read NextFeb 6, 2026 •By Anders BylundWhere Will Rigetti Computing Go Next?Feb 6, 2026 •By Johnny RiceShould You Buy Rigetti Computing Stock Right Now?Feb 3, 2026 •By Johnny RiceWhy Rigetti Stock Fell 18% in January To Start 2026Jan 30, 2026 •By Johnny RiceIf You'd Invested $5,000 in Rigetti Computing Stock (RGTI) 1 Year Ago, Here's How Much You'd Have TodayJan 29, 2026 •By Leo SunBetter Quantum Stock: Rigetti Computing vs. Quantum ComputingJan 29, 2026 •By John BromelsForget Rigetti Computing, This Established AI Giant Is a Safer PlayAbout the AuthorJohnny Rice is a contributing writer for The Motley Fool covering tech stocks. He previously contributed to various financial publications.TMFJohnnyRiceStocks MentionedRigetti ComputingNASDAQ: RGTI$17.66 (+17.96%) $+2.69Meta PlatformsNASDAQ: META$661.88 (1.24%) $8.34MicrosoftNASDAQ: MSFT$401.14 (+1.90%) $+7.47AlphabetNASDAQ: GOOGL$323.09 (2.46%) $8.16AmazonNASDAQ: AMZN$210.47 (5.49%) $12.22AlphabetNASDAQ: GOOG$323.10 (2.48%) $8.23*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.