Is Rigetti Computing Stock a Buy?
Quantum computing stocks have surged since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) said it hit a milestone in the cutting-edge technology. The company's Willow quantum chip performed a standard benchmark computation in under five minutes that would take a supercomputer 10 septillion years (a 1 followed by 25 zeros).
Willow also demonstrated that it can reduce errors exponentially as it scales up, solving a challenge that scientists had been working on for nearly 30 years.
Quantum stocks including Rigetti Computing (NASDAQ: RGTI) soared on the news. And they have remained volatile since then as other tech leaders, like Nvidia CEO Jensen Huang, have said that "very useful" quantum computing is further away than most investors think.
Source Fool.com
Alphabet Inc. C Stock
The stock is one of the favorites of our community with 53 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 260 € is below the current price of 267.2 € for Alphabet Inc. C, so the potential is actually -2.69%.
