Is Rigetti Computing a Millionaire-Maker Stock? [Yahoo! Finance]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Yahoo! Finance
Despite its strong cash position, the company's stock-based compensation and lack of sales growth raise concerns. While Rigetti's technology has potential, its financial situation makes it a risky investment, and investors seeking to make millions in the stock market may want to look elsewhere. With shares up by 223% year to date, Rigetti Computing (NASDAQ: RGTI) is soaring as Wall Street becomes more interested in quantum computing. While this industry is less flashy than other hype cycles like generative artificial intelligence (AI), it could be just as impactful over the long term. Let's dig deeper to decide if Rigetti is a potential millionaire maker. Quantum computers are computers that use quantum mechanics to solve problems much faster than their traditional alternatives. While the industry is still largely in the research and development stage, analysts at McKinsey estimate that it could add $1.3 trillion in value to the economy by 2035. Most of the growth is expected to c
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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