Is Rigetti Computing Stock Going to $50?

The stock market is on a tear. Driven by renewed enthusiasm for artificial intelligence (AI), the S 500 index is up 6.3% over the last month, while the tech-heavy Nasdaq Composite is up a whopping 9.4%.

The run, along with a major announcement from the U.S. Commerce Department, has kicked off a rally in quantum computing stocks. As investors look for the "next AI," they're snapping up shares of companies like IonQ, D-Wave, and, of course, Rigetti Computing (NASDAQ: RGTI).

With the recent launch of its most powerful quantum system to date, many investors believe that Rigetti is one of the most promising quantum pure-plays around. But what about the stock? After jumping more than 50% in a month, is it still a buy? Could shares of Rigetti reach $50?

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Source Fool.com