Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock has surged dramatically, primarily due to system orders and a major contract with the Air Force Research Laboratory (AFRL) to advance superconducting quantum networking. Additionally, the company’s collaboration with Nvidia’s NVQLink platform, which integrates AI supercomputing with quantum computers, has fueled optimism about its technology roadmap. Despite the impressive rally, analysts urge caution as the stock’s valuation reflects potential rather than current revenue growth, with a keen eye on the durability of upcoming contracts and projects.
More about Rigetti Computing
YTD Price Performance: 85.35%
Average Trading Volume: 78,207,089
Technical Sentiment Signal: Buy
Current Market Cap: $12.02B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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