Advertisement
As of 12:14 PM (GMT-5), January 8, 2025, shares of Rigetti Computing, Inc. (RGTI) are trading at $9.38, down 48.98% from its previous close of $18.39. The stock experienced a significant surge in December 2024, rising over 400%, largely due to the company’s updated roadmap and excitement in the quantum computing sector following Google’s quantum breakthrough. However, Rigetti’s financials remain weak, with a decline in revenue through the first three quarters of 2024 compared to 2023.
Rigetti’s market cap currently sits at approximately $2.6 billion, but despite ambitious plans to release more powerful quantum systems, the technology still has a long way to go. Industry experts, including NVIDIA’s CEO, have suggested it could take decades before quantum computers become widely useful.
While the quantum computing space holds substantial potential, investors in Rigetti should be aware of the high risks involved, given the long timeline for meaningful technological advancements. ETFs focused on quantum computing may offer a safer alternative.
Disclaimer: This article is for informational purposes only and should not be considered financial advice.