Rigetti Shares Fall 8% Ahead of Q1 Earnings During Inflation Week
Rigetti Computing shares tumbled 8.01% recently after the company was slated to report first-quarter earnings during the week of May 11 alongside peers like Cisco and Alibaba. This comes as investors brace for US CPI on May 12 and PPI on May 13, potentially setting the backdrop for Rigetti’s results.
1. Earnings Calendar and Share Drop
Rigetti Computing is scheduled to release first-quarter earnings the week of May 11 after its stock slid 8.01% on May 7, positioning it among companies like Cisco, Alibaba and Applied Materials still reporting results as the season slows.
2. Macro Data Set Stage
Investors will also digest key US inflation data: consumer price index and core CPI on May 12 followed by producer price index metrics on May 13, providing a vital macro backdrop that could influence market reactions to Rigetti’s results.