From Nasdaq: 2024-12-18 00:59:02

Rigetti Computing (NASDAQ: RGTI) has seen a 500% rise in stock price, with potential for more growth due to quantum computing’s unique capabilities. Quantum computers use qubits to process data and explore multiple outcomes simultaneously, offering applications in various industries like finance and healthcare. Rigetti’s focus on QPUs and quantum computing services positions it as a key player in the emerging quantum ecosystem.

Advancements in quantum computing, including Google’s Willow chip and Amazon’s Quantum Embark, have boosted quantum stocks like RGTI. With a $2.7 billion government funding for quantum computing, Rigetti is well-positioned in the quantum space. While quantum computing shows promise, it’s still in a developmental stage, with Rigetti generating revenue from development contracts and focusing on QPUs for long-term growth.

RGTI stock is a high-risk, high-growth investment with technological advancements and costs playing a role. The company aims to sell hundreds of QPUs in the next decade, potentially driving stock prices higher. Despite past volatility, the Trefis High-Quality Portfolio has outperformed the S&P 500, offering better returns with less risk over the years. In December 2024, RGTI stock had returns of 184% MTD, 780% YTD, and 1089% since 2017, outperforming the S&P 500.



Read more at Nasdaq: What’s Driving RGTI Stock Higher?