Where Will Rigetti Computing Stock Be in 1 Year?
From Yahoo Finance: 2025-03-26 07:37:00
Rigetti Computing’s stock has plummeted 41% in 2025, showcasing the dangers of hype-based investing. The company, founded in 2013, focuses on quantum computing, with hopes to revolutionize various industries. While Google’s recent quantum chip breakthrough has sparked optimism, Rigetti’s financial struggles and losses raise concerns about its future.
Despite Google’s quantum computing advancements, the commercial viability timeline remains uncertain, casting doubt on Rigetti’s future. As a smaller competitor to Google, Rigetti faces challenges in a rapidly evolving industry. Its recent financial report shows a decline in revenue and increasing losses, highlighting its precarious position. Investors should brace for further stock declines in the next year.
The Motley Fool’s Stock Advisor team has excluded Rigetti Computing from its top 10 stock picks, citing potential for significant returns elsewhere. While the market is abuzz with quantum computing developments, Rigetti’s financial instability and competition with tech giants like Google raise doubts about its long-term prospects. Investors should exercise caution before diving into this volatile market.