Prediction: Rigetti Computing Stock Will Be Worth This Much in 1 Year
Rigetti's quantum computers continue to improve, but meaningful revenue could be years away.
Rigetti Computing, a major player in the development of quantum computers, faces a challenging future. Despite their in-house supply chain and cutting-edge technology, including their own chip fabrication facility and cloud platform, the company has struggled to generate revenue and has incurred substantial losses. Their quantum systems, while impressive, still suffer from high error rates, making it difficult to solve complex problems in the real world.
Rigetti's stock has dropped by 81% from its all-time high, trading at an extremely high price-to-sales ratio of 269, far above the Nasdaq-100's ratio of 6.2. While some investors may hold onto quantum computing stocks for their long-term potential, the path of least resistance appears to be the downside. The reporter predicts that Rigetti's stock could fall to around $5 in one year, but acknowledges that it may take between 20 to 40 years for the industry to produce truly disruptive systems.
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