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Rigetti Computing: Time to Buy?

TheMotleyFool

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Rigetti Computing (NASDAQ: RGTI) has surged 1,820% over the past 12 months -- topping D-Wave Quantum's (NYSE: QBTS) 1,550% gain and IonQ's 505% (NYSE: IONQ). Yet, today's $5.3 billion market cap looks disconnected from a company posting just $1.8 million in quarterly revenue while losing nearly $40 million in the most recent quarter.

Investors are paying venture-style multiples for technology that still lacks commercial traction. Yet, the massive opportunity inherent in quantum computing could make this tech stock a steal -- even at these elevated levels. Let's dig deeper to find out whether this premium-laden growth stock is worth the price of admission.

Image source: Getty Images.

Source Fool.com

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