Is Rigetti Computing Stock a Buy Now?

Rigetti Computing (NASDAQ: RGTI) stock has been on a tear in recent months. Six months ago, the stock was trading at a price of under $1. Now, it is up close to 850%, making it one of the best-performing stocks in the world over the last few quarters. The quantum computing start-up is catching investor attention with recent breakthroughs in the industry that could lead to upcoming commercialization of the technology.After zooming higher, Rigetti stock has started to fall in recent weeks and now sits down 60% from all-time highs. Does this make the stock a "buy the dip" candidate for your portfolio today?Quantum computers are the proposed next step for the computing industry, which has been driven by semiconductor/silicon-driven hardware for decades. It's getting harder and harder for companies to eke out improvements for existing computer chips, hence why the likes of Taiwan Semiconductor Manufacturing and Nvidia are spending tens of billions of dollars to make slightly faster chips every year. Using quantum mechanics, quantum computers can operate much faster than traditional computers, and with fewer electricity demands. If commercialized, they could eliminate two of the major bottlenecks in cloud computing and artificial intelligence (AI): Speed and power efficiency.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool