Where Will Rigetti Computing Be in 5 Years?
After Rigetti Computing (NASDAQ: RGTI) rode a wave of enthusiasm that saw the quantum computing stock reach above $58, shares have tumbled to around $16 as investors question whether the company's sky-high valuation is justified.
Some recent stumbles have accelerated the stock's decline, like the delay of Rigetti's most ambitious quantum computer to date, Cepheus-1-108Q, and its failure to advance in a crucial government program.
While Rigetti bulls point to partnerships with chipmaking giant Nvidia and other government agencies as signs of a bright future, headlines and potential only go so far. Rigetti needs to start turning that potential into real dollars.
Source Fool.com
