How Much Higher Can Rigetti Computing's Stock Go?
Quantum computing stocks have been rising at feverish levels this year. One of the hottest has been Rigetti Computing (NASDAQ: RGTI), which, despite some modest financial results thus far, has soared 200% since the beginning of the year and close to 4,800% in 12 months.
Today, its market cap sits at around $15 billion, which is considerably higher than where it was a year ago -- worth a little over $200 million. It has benefited from the artificial intelligence (AI) revolution and the expectation that quantum computers will play a key role in the tech sector's future growth, particularly as AI grows in complexity.
With AI still in its early growth stages, can Rigetti's stock continue to rise even further in value, or is it overdue for a pullback?
Source Fool.com
