Could Rigetti Computing Become the Next Nvidia? [Yahoo! Finance]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Yahoo! Finance
A large portion of that rally was fueled by its soaring sales of data center GPUs for processing AI tasks. Unlike CPUs, which only process a single piece of data at a time, GPUs can process a wide range of integers and floating point numbers simultaneously. That key advantage, along with Nvidia's leadership of the discrete GPU market, made it the linchpin of the booming AI market. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » From fiscal 2014 to fiscal 2024 (which ended in January 2024), Nvidia's revenue grew at a compound annual growth rate (CAGR) of 31%. Analysts expect its revenue to rise at a CAGR of 56% from fiscal 2024 to fiscal 2027 as the AI market expands. Nvidia is still growing rapidly, but it's already the world's second-most valuable company, with a market cap of $3.35 trillion. Therefore, investors looking for even bigger gains might want to seek out small-cap companies in nascent growth industri
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RGTI
News
- Is Under $10 RGTI Stock the Next 2025 NVIDIA, and Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing, Inc. (NASDAQ: RGTI) is now covered by analysts at Craig Hallum. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
- Quantum Stocks Plummet After Meteoric Rise; A Healthy Pullback or Reversal Signal? [Yahoo! Finance]Yahoo! Finance
- Lightning Round: Ford's warranty problems will come back to haunt it, says Jim Cramer [CNBC]CNBC
- What's Behind The 500% Rise In RGTI Stock? [Forbes]Forbes
RGTI
Earnings
- 11/12/24 - In-Line
RGTI
Sec Filings
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- 12/10/24 - Form 144
- RGTI's page on the SEC website