Rigetti Computing shares remain in their long- and short-term bull market trends with a target price of $25.

American stocks have started the year well, with the S&P 500 and Nasdaq 100 indices soaring to their record highs. This trend may continue although risks remain, especially with the Federal Reserve maintaining a hawkish tone and Donald Trump threatening tariffs on imports.

The same stocks rallied earlier this week after Microsoft unveiled an initiative meant to familiarize business leaders with quantum systems.

Adding to the pressure, D-Wave announced on Friday that the company was going to sell up to $150 million in common shares. That move would dilute the current shareholders of the company. Early stage companies often take advantage of price increases to raise capital to invest in their research and development.

Shares of Rigetti Computing are trading higher by 24.8% during Tuesday's session. The stock is rebounding after recent remarks by Jensen Huang and Mark Zuckerberg that cast doubt on quantum computing's timeline.

Shares of Rigetti Computing are falling precipitously, but could this be an opportunity to cash in on the quantum computing movement at a reasonable price?

Rigetti Computing's financials show low and inconsistent revenues, a declining cash position, and increasing share dilution. Read why RGTI stock is a Hold.