Investment Surge in Quantum Computing
Rigetti Computing (NASDAQ: RGTI), a pure play quantum computing company founded in 2013, is garnering attention from technology investors as it aims to revolutionize problem-solving capabilities with its quantum computers. The company has launched 18 quantum systems and is vertically integrated, managing everything from chip design to cloud deployment.
Despite generating revenue by providing access to its quantum hardware, Rigetti has yet to achieve a generally useful quantum computer. As a result, it faces high price-to-sales ratios, making traditional valuation methods challenging. Investors should weigh Rigetti’s technology strength and competitive position against their risk tolerance before considering an investment.
