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Rigetti Computing: Short-Lived Hype

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Rigetti Computing is years away from commercializing its QC products. Click here to read more about RGTI stock and why it is a Sell.
The article from SeekingAlpha discusses the recent surge in Rigetti Computing's stock, which has seen a significant increase in value, particularly highlighted by a 10% jump in a single day. Despite this surge, the author expresses skepticism about the long-term viability of Rigetti's business model. The company, which focuses on quantum computing, has not yet turned a profit, with its revenue primarily coming from government contracts rather than commercial applications. The article points out that while there is excitement around quantum computing, Rigetti's commercial realities are stark; it faces challenges in scaling up its technology for practical, revenue-generating applications. The author suggests that the stock's recent performance might be more reflective of speculative trading rather than fundamental business improvements, cautioning investors about the high risk associated with investing in Rigetti due to its lack of commercial traction and ongoing financial losses.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4744415-rigetti-computing-stock-recent-surge-temporary-commercial-realities-exist ]