Money

Rigetti Computing Faces Setback Amid Q3 Earnings Miss and Market Volatility

Rigetti Computing (RGTI) recently released its third-quarter financial outcomes, which indicated a smaller adjusted loss than predicted, yet revenue did not meet analyst expectations. This announcement contributed to a dip in Rigetti's stock value, reflecting the dynamic and often unpredictable nature of the quantum computing market. The company, a key player in the quantum computing space, held an earnings call to discuss these results and provide insights into its future trajectory.

For the September quarter, Rigetti reported an adjusted loss of 3 cents per share, an improvement from the 7-cent loss experienced in the same period last year. However, revenue saw an 18% decrease, settling at $1.95 million, below the Street's projection of $2.2 million and a 5-cent loss per share. Despite the revenue shortfall, CEO Subodh Kulkarni affirmed the company's commitment to technological milestones, specifically aiming to launch a 100-plus qubit chiplet-based quantum system with high gate fidelity by the end of 2025. This strategic focus underscores Rigetti's dedication to advancing its core technology amidst financial fluctuations.

The broader quantum computing industry has been characterized by significant volatility this year, partly due to ongoing discussions and controversies involving industry giants like Nvidia (NVDA) regarding the commercial viability and timeline of quantum technology. Rigetti’s stock, which had seen a 68% increase earlier in 2025, declined over 4% following its Q3 report, trading at $31.72. The company also secured a $5.8 million contract with the Air Force Research Laboratory for quantum networking research, though revenue recognition from this deal is pending. The fundamental promise of quantum computing lies in its ability to tackle complex problems beyond the scope of current classical computers, leveraging subatomic principles and advanced technologies.

Rigetti Computing's journey highlights the intricate balance between pioneering technological innovation and navigating the challenging financial markets. The company's resilience in pursuing ambitious technical goals, even in the face of quarterly setbacks, showcases a forward-looking approach essential for a nascent yet transformative industry. This commitment to pushing the boundaries of what's possible in quantum computing, despite market fluctuations and investor scrutiny, embodies a spirit of persistent innovation and belief in future potential.

AngloGold Ashanti Prepares for Q3 Earnings, Analyst Forecasts Updated

AngloGold Ashanti PLC is poised to disclose its financial performance for the third quarter, with the announcement scheduled before the market opens on November 11. This much-anticipated report follows a period of notable developments for the mining company, including a change in leadership and updated projections from leading financial analysts.

Market observers anticipate robust earnings per share (EPS) for AngloGold Ashanti, with consensus estimates placing it at $1.32, a significant jump from the $0.56 reported in the same quarter last year. However, revenue forecasts suggest a decline, with an expected $2.53 billion compared to $3.37 billion in the prior year. This financial backdrop frames the recent appointment of Martin Pawlitschek as the new chief executive officer on September 30, a move that could influence the company's strategic direction moving forward. Investor sentiment has shown some positivity, as evidenced by the company's shares closing up 6.8% at $74.10 on the preceding Monday.

Several prominent Wall Street analysts have recently recalibrated their outlook on AngloGold Ashanti. Scotiabank's Tanya Jakusconek elevated the stock's rating from 'Sector Perform' to 'Sector Outperform' and increased the price target to $90 from $55. Similarly, JP Morgan's Patrick Jones upheld an 'Overweight' rating, raising the price target from $63 to $70. Roth Capital's Joe Reagor also reiterated a 'Buy' rating and modestly boosted the price target from $52 to $54. These adjustments underscore a generally optimistic view among analysts regarding AngloGold Ashanti's future prospects, despite the mixed financial forecasts.

As AngloGold Ashanti navigates its operational and strategic shifts, the market will closely monitor its upcoming earnings release. The company's performance and future trajectory will undoubtedly be shaped by its new leadership and its ability to capitalize on market opportunities, reinforcing the dynamic nature of the global mining sector.

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Nasdaq Surges Over 500 Points Amid Easing Investor Fear as Government Shutdown Nears Resolution

The stock market experienced a notable uplift on Monday, marked by the Nasdaq Composite's impressive gain of over 500 points. This positive shift coincided with a reported easing of investor fear, even as the CNN Money Fear and Greed index remained categorized in the 'Fear' zone. A key factor driving this resurgence in market confidence appears to be optimistic signals from Washington regarding the imminent conclusion of a lengthy government shutdown.

Market Rebounds as Confidence Returns

On Monday, November 11, 2025, U.S. equities witnessed a substantial rally. The Nasdaq Composite, a technology-heavy index, soared by more than 500 points, recouping some of the considerable losses incurred during the preceding week. This robust performance was fueled by renewed investor confidence, buoyed by the prospect of an end to the prolonged government shutdown. The CNN Money Fear and Greed index, a gauge of market sentiment, registered a reading of 31.8, placing it in the 'Fear' zone, yet indicating a decrease in the overall level of market apprehension compared to its previous reading of 24.9. This index, calculated from seven equally weighted indicators ranging from 0 (maximum fear) to 100 (maximum greed), suggests that while caution still prevails, extreme bearish sentiment is receding.

Several companies reported positive movements. Shares of Palantir Technologies Inc., which had seen a more than 11% decline the previous week, rebounded sharply by approximately 9%, marking its strongest performance since July. Dole Plc also saw its stock rise by about 5% following the release of its favorable third-quarter results. Similarly, Tyson Foods, Inc. shares increased by over 2% after the company announced better-than-expected fourth-quarter earnings. Across the S&P 500, most sectors ended the day in positive territory, with consumer discretionary, communication services, and information technology sectors leading the gains. Conversely, consumer staples and real estate sectors experienced slight declines. The Dow Jones Industrial Average closed up by approximately 382 points, reaching 47,368.63, while the S&P 500 advanced 1.54% to 6,832.43. Investors are now keenly awaiting the earnings reports from Sea Ltd., Amdocs Ltd., and Cae Inc.

This market uptick underscores the profound impact of political stability on investor psychology. The anticipation of the government shutdown's resolution has clearly injected a much-needed dose of optimism, shifting focus from political uncertainty to potential economic recovery and corporate performance. It highlights how swiftly market sentiment can pivot in response to perceived improvements in the macroeconomic environment, encouraging a return to risk assets despite lingering caution.

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