Every Rigetti Computing Investor Should Keep an Eye on This Number
Rigetti Computing (NASDAQ: RGTI) captured Wall Street's attention by advancing the rapidly evolving field of quantum computing.Its shares skyrocketed an astonishing 1,140% over the past six months. However, uncertainty and questions regarding its financial outlook created volatility, and the stock is down about 47% from its 52-week high. Clues to the next direction for this stock lie in one metric investors should keep an eye on.Recent breakthroughs have paved the way for applications that tackle highly complex calculations beyond the capabilities of most advanced conventional computers. Rigetti's efforts in this regard stand out because of its full-stack approach, designing and fabricating its quantum chips while offering cloud-based access to its systems for customers to develop quantum algorithms.Continue reading
Rigetti Computing (NASDAQ: RGTI) captured Wall Street's attention by advancing the rapidly evolving field of quantum computing.
Its shares skyrocketed an astonishing 1,140% over the past six months. However, uncertainty and questions regarding its financial outlook created volatility, and the stock is down about 47% from its 52-week high. Clues to the next direction for this stock lie in one metric investors should keep an eye on.
Recent breakthroughs have paved the way for applications that tackle highly complex calculations beyond the capabilities of most advanced conventional computers. Rigetti's efforts in this regard stand out because of its full-stack approach, designing and fabricating its quantum chips while offering cloud-based access to its systems for customers to develop quantum algorithms.
