Where Will Rigetti Computing Be in 5 Years?
With shares up by over 1,249% over the last 12 months, Rigetti Computing (NASDAQ: RGTI) is an excellent example of the tech sector's millionaire-making potential. The company is helping to pioneer the nascent quantum computing opportunity, and investors are encouraged by a series of technological breakthroughs in the industry. But is Rigetti's recent performance a hype-driven fluke, or an early sign of multi-bagger returns over the next five years? Let's dig deeper to find out.Quantum computing is a branch of computer science that aims to dramatically increase the computational power of machines by replacing their bits (a binary unit of information that can only represent one of two values) with qubits, which can be in many different states at once. If the tech works as intended, it would enable quantum computers to rapidly solve problems that would take a normal computer millions of years. Continue reading
With shares up by over 1,249% over the last 12 months, Rigetti Computing (NASDAQ: RGTI) is an excellent example of the tech sector's millionaire-making potential. The company is helping to pioneer the nascent quantum computing opportunity, and investors are encouraged by a series of technological breakthroughs in the industry.
But is Rigetti's recent performance a hype-driven fluke, or an early sign of multi-bagger returns over the next five years? Let's dig deeper to find out.
Quantum computing is a branch of computer science that aims to dramatically increase the computational power of machines by replacing their bits (a binary unit of information that can only represent one of two values) with qubits, which can be in many different states at once. If the tech works as intended, it would enable quantum computers to rapidly solve problems that would take a normal computer millions of years.
