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Stock impact report

Rigetti Computing: Some Progress, But Still Overhyped [Seeking Alpha]

Rigetti Computing, Inc. - Common stock (RGTI) 
Company Research Source: Seeking Alpha
RGTI's recent technological milestones, including 99.9% two-qubit gate fidelity, signal progress but achieving commercial scale remains several years away. Despite a strong balance sheet and $589.8 million in cash, RGTI faces persistent operating losses and significant execution and competitive risks. I view RGTI as overvalued given current fundamentals and recommend waiting for clearer signs of execution before considering entry. Just_Super/iStock via Getty Images Rigetti Computing, Inc. ( RGTI ) is one of the several pure-play public companies focused on capturing the vastly expanding quantum technology market. This is an area that is largely untapped and one where investors are willing Show less Read more
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