Rgti Is The Next Nvidia

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Rgti Is The Next Nvidia

Rigetti Computing (Rgti): Is It The Next Nvidia?

500% gain was seen in the shares of Rigetti Computing within a span of 6 months. This has led many to compare Rigetti Computing with Nvidia. In fact, many are even calling the RGTI as the next Nvidia for the US tech sector.

If we look back, quantum computing has been touted as the next big thing! And the biggest name in quantum computing is Rigetti Computing.

Rigetti Computing Faces Competition

If we look at the charts, it becomes clear that AI applications don't have much use for quantum computing. That can be confirmed by the $10.8 million worth of annual sales made by Rigetti.

According to experts, it will take a few years for quantum computing to grow. But it will grow into billions of dollars during the next few years.

Meanwhile, we can't ignore the fact that Rigetti Computing is in the red and the losses keep piling up. In a sense, we can say that Rigetti Computing has failed to get its investment worth out of the AI infrastructure spending.

That's why we can safely say that investing in Rigetti Computing is not a good idea at this time. In fact, it is purely speculation at this point, which is the last thing any investor would want.

It appears that the increase in the price of Rigetti stock has more to do with momentum trading rather than fundamentals. It is almost similar to what we see in the meme coins and other similar stocks.

Also, many investors know already that big players like Amazon, Alphabet, and Microsoft are better suited to compete in quantum computing. So in that regard, Rigetti Computing is facing some fierce competition.

In contrast to an investment in Nvidia, I believe that over the coming years, Rigetti's valuation will normalize considerably. Therefore, I believe there may be a large decline in the stock price.

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