Is Rigetti Computing a Buy?
Rigetti Computing (NASDAQ: RGTI), a quantum computing company that makes hardware, software, and cloud systems for the technology, has seen its share price surge more than 1,000% over the past year. Whenever a company's stock goes like absolute gangbusters, it's worth taking a closer look and asking, "What makes this company so special?"
Sometimes, the answer is that it's not special. Perhaps investors are just following the pack or betting on a meme stock. Other times, they may be right and have seen something others didn't notice earlier. In either case, share price gains of that magnitude warrant a closer observation of the company.
Is Rigetti special and worth buying, or are investors getting caught up in the hype? Let's take a look.
Source Fool.com
