Rigetti Computing

🔹 Sector dominance in tech-driven cycles – Outperforms in bullish macro regimes where IT leadership fuels broad market rallies, especially in high-growth phases.

🚨 Geopolitical concentration risk – Heavy North American exposure amplifies systemic shocks like trade wars or regulatory crackdowns, eroding returns in volatile regimes.

📉 Structural underperformance in crises – Collapses sharply during liquidity crunches or earnings-driven downturns, failing to recover V-shaped unless tech-specific tailwinds persist.

🔹 Sector dominance in tech-driven cycles – Outperforms in bullish macro regimes where IT leadership fuels broad market rallies, especially in high-growth phases.

🚨 Geopolitical concentration risk – Heavy North American exposure amplifies systemic shocks like trade wars or regulatory crackdowns, eroding returns in volatile regimes.

📉 Structural underperformance in crises – Collapses sharply during liquidity crunches or earnings-driven downturns, failing to recover V-shaped unless tech-specific tailwinds persist.