Rigetti Computing (RGTI) shares plummeted 5.10% on Thursday's intraday trading session, as the quantum computing stock faced headwinds amid skepticism from industry leaders about the technology's near-term potential.

The stock decline was part of a broader sell-off in quantum computing shares following comments from tech executives like Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg, who expressed doubt about the timeline for mainstream adoption of quantum computing. Their remarks sparked concerns that the highly anticipated technology may still be years away from practical applications.

Despite the setback, Rigetti Computing and other quantum players remain focused on advancing their technologies and forming strategic partnerships to accelerate deployment. However, the recent volatility highlights the speculative nature of these stocks, which currently trade at lofty valuations with limited revenue streams.