Shares of Rigetti Computing soared as investors grew more optimistic about the potential market for quantum computing. The company is designing and building its own quantum processing units and programming language. While its shares rose 5,100% in the last 12 months, investors are debating whether to invest in the company or wait for a dip.

Quantum computing holds the promise of solving complex problems in a fraction of the time it takes classical supercomputers. Recent breakthroughs, like Google’s Willow chip, show progress in error correction and computational speed. Quantum computers could revolutionize industries like drug discovery and artificial intelligence.

Rigetti Computing’s business model is attracting investors, even though profitability is a long way off. The company recently announced a purchase order for quantum computing systems, but mass adoption may still be years away. With operating losses growing and a need for equity financing, the path to profitability is unclear for Rigetti.

While quantum computing’s potential is vast, analysts predict commercial viability may not be achieved before 2040. Rigetti’s financial outlook is uncertain, with operating losses and a reliance on equity financing. Investors should weigh the risks before considering an investment in the company as quantum computers are not yet a mainstream technology.

Read more at Yahoo Finance: Is It Too Late to Buy After a 5,000% rally?