These 10 Companies Led Monday’s Downturn

7. Rigetti Computing Inc. (NASDAQ:RGTI)

Rigetti Computing dropped for a third consecutive day on Monday, losing 3.89 percent to finish at $12.35 each, as investor sentiment was dampened by fears of growing trade tensions between the United States and some of its largest trading partners.

While RGTI is not expected to be directly impacted by tariffs, its stock has shown heightened sensitivity to developments in the Artificial Intelligence industry as well as news from Nvidia Corp., a key player in the booming AI which earlier promised its commitment to supporting the growth and development of the quantum computing sector.

With Trump promising the imposition of tariffs on all countries, NVDA, which sources its chips from other international suppliers such as Taiwan Semiconductor Manufacturing, could face significant challenges from any potential tariff imposition, impacting not only its operations but also other broader sectors, such as quantum computing.