Rigetti Computing's stock has surged; analysts optimistic about quantum computing potential

From Nasdaq: 2024-12-08 04:52:00

Shares of Rigetti Computing (NASDAQ: RGTI) have surged 223% year to date, catching the eye of Wall Street with its quantum computing potential. Analysts predict a $1.3 trillion industry value by 2035, with applications in pharmaceuticals and materials science. Rigetti aims to be the Nvidia of quantum computing, despite posting operating losses and high stock-based compensation. However, with a strong cash position and ongoing tech advancements, the company remains optimistic about the future. Investors should exercise caution due to financial uncertainties.



Read more at Nasdaq: Is Rigetti Computing a Millionaire-Maker Stock?