Rigetti Computing: AI Clears One Hurdle, But It’s A Long Race

Summary:

• Quantum computing’s potential lies in its ability to perform complex
  computations exponentially faster than traditional computers, with
  Rigetti aiming to provide a full-stack quantum computing system.
• Despite promising advancements and government contracts, Rigetti’s
  financials remain weak, with no immediate profitability and a need for
  significant sales growth.
• Long-term prospects are optimistic, but significant share dilution could occur in that time.
• Given the high risks and long-term horizon for quantum computing’s commercial viability, I rate Rigetti as a Hold until financials improve or the price lowers.

Rigetti Computing (NASDAQ:RGTI) has come to the attention of many recently, after the share price surged over the past month.

This rally occurred only weeks after its $100M ATM equity raise. While issuing new shares would

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