Analyst bullish on Rigetti Computing Inc. and quantum computing, ranking 10th on oversold NASDAQ stocks

by MarketNewsData

From Yahoo Finance: 2025-04-29 21:28:00

  1. Wells Fargo Wealth and Investment Management CIO, Darrell Cronk, discussed market outlooks on CNBC. He emphasized growth over inflation concerns and warned against chasing equities too hard. The market may see better buying opportunities soon due to a growing divide between sentiment and positioning in a geopolitical-first world.
  2. Cronk highlighted the impact of tariffs on inflation, noting they are blunt-force resets in prices, not sustained inflationary factors. While companies must absorb these resets and margin impacts, sustained inflation only occurs with significant tariff increases over time.
  3. Cronk stressed the importance of the Fed’s cautious approach to cutting rates. An emergency cut could signal a growth scare, causing more problems. The Fed’s focus on inflation could shift to growth concerns, potentially leading to a more dovish perception from the markets.
  4. Nine of the eleven S&P gig sectors revised guidance lower since April 1, with limited forward guidance from companies. Consumer discretionary, industrials, and tech sectors are crucial for market stability. Analysts used stock screeners to identify NASDAQ stocks with high upside potential and hedge fund interest.
  5. Rigetti Computing Inc. (RGTI) provides quantum computing services and designs its own quantum processing units. Analysts are bullish on the stock, comparing it to early investments in AI. The company plans to launch more powerful quantum systems in the future and has key clients in the quantum computing field.
  6. RGTI ranks 10th on the list of oversold NASDAQ stocks to buy, with analysts predicting revenue growth and lower losses in the future. The company’s strategic approach to quantum computing and planned system improvements make it an attractive investment option. However, other AI stocks may offer quicker returns.
  7. For investors interested in AI stocks, there are opportunities beyond RGTI with the potential for significant gains. Understanding the AI market and choosing the right stocks can lead to profitable investments in this rapidly evolving sector. Research and analysis are essential for informed decision-making in the stock market.



Read more at Yahoo Finance: Why Rigetti Computing, Inc. (RGTI) is Among the Best Oversold NASDAQ Stocks to Buy Right Now

More Live News