We recently published a list of 10 Tech, Energy Stocks Are Wednesday’s Worst Performers. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against other tech,

Valuations in the nascent space had been riding high for about a month -- ever since Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) unveiled its new Willow quantum computing chip, which achieved benchmarks never reached before, including performing calculations in minutes that would have taken standard supercomputers billions of years.

Financial position strengthens amid soaring valuation Rigetti's financial position was significantly boosted by a capital raise last November. Specifically, the company secured $100 million, before deducting commissions and other offering expenses,