New technologies emerge every decade and totally transform how people live their lives. It also leads to trillions of dollars of new investments as well.
Now, many experts believe that Rigetti Computing (RGTI) is the next big thing in tech. This company is at the forefront of quantum computing and could provide an early mover advantage to its investors.
But, we still don't know if there will be ample demand for quantum computing during the next 5 years. After all, Rigetti Computing (RGTI) is still unprofitable with no idea when that will change.
Rigetti Computing (RGTI) has been around since 2013 and specializes in quantum computing hardware. They also offer a QCS, a state-of-the-art Quantum Cloud Services.
If Quantum Computing becomes the next big thing, Rigetti Computing (RGTI) will also become the next Nvidia. They not only create quantum computing hardware but also sell the same via their cloud services.
However, quantum computing is one of those fields which is still far away from meaningful commercialization.
Looking ahead, Rigetti Computing (RGTI) is at a good spot to handle losses for a few more years. Even then, they can raise capital and keep going. But, experts believe that Quantum Computing will enter the mainstream by the year 2030.
With all things considered, it is best to not invest in Rigetti Computing (RGTI) for now. Especially when there are so many AI stocks which can offer a better return than Rigetti Computing (RGTI).
The current era is of AI, and quantum computing is still lurking in the shadows with very little demand. So, it is better to go into AI stocks while keeping an eye on cloud computing and how it evolves.
Investing in Rigetti Computing (RGTI) at this stage, when cloud computing is still so new, is not a good idea.