Reported 4 days ago
Rigetti Computing, with its shares soaring over 1,249% in the past year, is positioning itself in the burgeoning field of quantum computing, attracting investor interest due to recent technological advancements. However, the company's recent revenue drop of 52% and significant operational losses raise concerns about its long-term viability against competitors like D-Wave Quantum and Alphabet, who are capitalizing on faster growth and better funding. While Rigetti aims to monetize quantum computing through cloud services, experts suggest that potential investors should be cautious and consider alternative opportunities in the market.
Source: YAHOO