Prediction: Rigetti Computing Stock Will Be Worth This Much in 1 Year
Rigetti faces a long and uncertain path toward scaling its quantum computing systems.
Overview
Quantum computers can use a concept called superposition to simulate multiple solutions to a problem simultaneously, so they're better than traditional computers at processing data-intensive workloads in areas like science and cryptography. However, despite their incredible potential, even the best quantum computers still make too many errors to be useful for solving real-world problems.
Some estimates suggest this challenge could take decades to overcome, which is bad news for companies trying to commercialize their quantum systems today. Rigetti Computing (NASDAQ: RGTI) is one of the industry leaders right now, but it's still generating a minimal amount of revenue and burning through a ton of cash. Its stock is currently down by 60% from its peak, and here's where I predict it will be in one year from now.
Image source: Getty Images.
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Source
Originally published at www.fool.com.
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