Rigetti Computing's Stock Surges Amid Optimistic Price Targets and Revenue Growth
TL;DR Summary
Rigetti Computing is positioned as a high-risk, high-reward investment in the quantum computing sector, with potential catalysts like the 84-qubit Ankaa 3 system in 2024 and a 336-qubit Lyra processor in the future. Collaborations with NVIDIA and Fermilab, along with potential DARPA contracts, are expected to drive growth. However, risks include unstable revenue, high R&D costs, and competition from major players like IBM. Despite a recent $17.3 million operating loss, the company's narrative supports a strong buy rating, though further stock dilution is anticipated.
Topics:business#investments#quantum-computing#rigetti-computing#stock-market#tech-industry#technology
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