There’s a certain poetry in watching a quantum computing stock collapse because a home-improvement store mentioned raising prices. Life, it seems, is just a series of unrelated events smushed together until someone invents a better metaphor. Rigetti Computing (RGTI), down 8.7% as of 2:45 p.m. ET, now trades at a valuation so lofty it makes my grandmother’s Christmas fruitcake look fiscally responsible. The Nasdaq Composite is down 1.5%, which feels like the market’s way of saying, “We’ll take the quantum future, but none of the inflationary headaches, thank you.”
I once tried to explain quantum computing to my dentist during a root canal. He laughed, then winced, then asked if I’d “had this explained to me by someone with a functioning prefrontal cortex.” Rigetti’s predicament reminds me of that exchange: dazzling in theory, excruciating in practice. The company has no ties to Home Depot, yet here we are, connecting tariff-induced price hikes at the hardware store to a sell-off in qubits. Inflation, it turns out, is the ultimate equal-opportunity party pooper.
Is Rigetti Computing stock a buy right now?
Last week’s Producer Price Index report arrived like a passive-aggressive voicemail from the Bureau of Labor Statistics: “Surprise! Inflation’s worse than you hoped!” Core PPI jumped 0.9%, which economists did not see coming-though frankly, neither did my broker, who still hasn’t forgiven me for asking if “qubit” was a typo. Investors, sensing the Federal Reserve might delay rate cuts, fled growth stocks like teenagers avoiding family photos at a reunion.
Rigetti trades at 605 times this year’s expected sales. To put that in perspective, I once bought a toaster for 605 times its expected lifespan, and even that turned out to be a lemon. The stock’s fate hinges on two things: quantum computing becoming mainstream and the Fed magically turning into Santa Claus. Both are possible, but I wouldn’t bet my 401(k)-or my dentist’s trust-on it.
Home Depot’s price hikes, meanwhile, are the canary in the coal mine wearing an orange vest and screaming, “Tariffs are the new black!” If inflation trickles down (or up, depending on your metaphor budget), the market’s love affair with speculative growth stocks may end faster than a TikTok trend. Rigetti could still revolutionize computing, but buying now feels like adopting a puppy during a hurricane: noble, but unwise.
I’ll wait for the storm to pass. Or at least until my dentist stops asking me about stocks and sticks to filling cavities. 🧪
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2025-08-19 22:55