Rigetti Computing Inc

RGTI remains in a clear downtrend with price below all major moving averages and a persistent sequence of lower highs and lower lows. Short-term momentum is bearish, and no reversal signals are evident, justifying selling into rallies at declining EMAs. A sustained break above these EMAs would invalidate the bearish structure.

• ↑Q2 revenue jumped 184% YoY to $5.1 M, driven by on-premises QPU sales
• ↑Gross margin improved to 43% from 31% YoY
• ↓Q2 operating loss was $28.1 M and GAAP net loss $52.6 M, underscoring unprofitability