Could Rigetti Computing Be the Next Nvidia?
Rigetti Computing shares are up by more than 500% over the last six months, drawing echoes of Nvidia's potential in AI movement.
If you invested in Nvidia stock on Nov. 30, 2022 and held your position until today, then you would be up on your investment by nearly eightfold. Why that date? Because this is the day OpenAI commercially released ChatGPT and spawned the artificial intelligence (AI) revolution.
For the last few years, just about anything touching or referencing AI garnered attention from growth investors. But now that we're a few years into the AI saga, people are beginning to look for more specific opportunities underneath the broader AI umbrella.
For the last several months, quantum computing has burst onto the scene as one of AI's "next big things." And among popular quantum computing stocks is Rigetti Computing (NASDAQ: RGTI) -- which has seen its shares rise by 521% in just the last six months (at the time of this writing).
