Rigetti Computing: Quantum Leader or Overhyped Stock?
Rigetti Computing (NASDAQ: RGTI) is one of the hottest names in the quantum computing category, and the pure-play quantum-tech specialist's stock has been on an incredible winning streak. Thanks to progression for its tech, a $5.8 million research contract with the U.S. Air Force, a partnership with Nvidia, and other developments, the company's share price has rocketed 184% higher over the last year of trading.
Rigetti now has a market capitalization of roughly $8.4 billion and is valued at approximately 409 times this year's expected sales. Is the company a quantum computing leader capable of delivering more huge returns, or has the stock become overhyped?
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Source Fool.com
