Reported about 11 hours ago
Rigetti Computing's stock has skyrocketed 3,000% in the past year, with CEO Subodh Kulkarni selling $11 million worth of shares recently. Critics suggest the stock's valuation, now at a staggering price-to-sales multiple of 1,267, is detached from reality and highlights concerns of a potential bubble fueled by retail investor enthusiasm. As insiders profit from the volatility, investors face decisions on whether to sell for gains or risk holding onto a rapidly inflated asset.
Source: YAHOO