The Zacks Analyst Blog Highlights Rigetti Computing, NVIDIA, Alphabet and Amazon.com

 For Immediate Release Chicago, IL – December 23, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Rigetti Computing, Inc. RGTI, NVIDIA Corp. NVDA, Alphabet Inc.'s GOOGL and Amazon.com, Inc.'s AMZN.Here are highlights from Friday’s Analyst Blog:Is   Under-$10 RGT the NVDA of 2025?Wall Street's interest in quantum computing is growing daily, with market participants expecting it to have the same impact as generative artificial intelligence (AI) in the new year. As a result, a $2 billion quantum computing stock Rigetti Computing, Inc. has outperformed $3.2 trillion NVIDIA Corp. this year by a substantial margin (+495.3% vs. +164.7%), leaving the latter lagging in terms of growth.This year, NVIDIA's shares have surged due to an increase in data center graphic processing unit (GPU) sales in the booming AI market. But why have Rigetti Computing's shares recently skyrocketed, and is it a recommended buy for next year? Let's see –What Led to the Rise in RGTI Stock?Unlike traditional computers, quantum mechanics are being used by quantum computers to solve problems at a faster pace. Recently, a potential breakthrough in the quantum computing space by Alphabet Inc.'s AI division boosted quantum computing stocks including Rigetti Computing. Alphabet claimed that its advanced quantum computing chip, Willow, can reduce errors and pave the way for large-scale quantum computers.Amazon.com, Inc.'s recent announcement of its Quantum Embark program, which is designed to help organizations adopt quantum computing as per their needs also propelled quantum computing stocks higher, like Rigetti Computing. Furthermore, the U.S. lawmakers' initiatives to push for $2.7 billion in funding for quantum computing boded well for the RGTI stock.Growing Quantum Computing Market – Favorable for RGTI StockThe market size of global quantum computing is valued at $1.3 billion this year and is expected to witness a CAGR of 32.7% to $5.3 billion by 2029, according to marketsandmarkets. McKinsey estimated the value of the worldwide quantum computing market to grow to $1.3 trillion by 2035 as demand for quantum machine learning and optimization increases.Rigetti Computing is favorably placed to make the most of the growth in the quantum computing space, which should boost its share price. This is because Rigetti Computing empowers developers to use quantum computing resources, establishing its leadership in developing quantum computing systems. Rigetti Computing has already built an easy-to-access Quantum Cloud Services platform that works with traditional computer hardware and offers huge cost savings for clients.Rigetti Computing – Scaling Up its Business, Optimistic OutlookRigetti Computing launched its new Novera quantum processor with 9 qubits, which has witnessed a rise in orders in Singapore. Rigetti Computing plans to deploy its 84-qubit Ankaa-3 system, roll out both modular and non-modular system architecture, and introduce a powerful 336-qubit system soon.Rigetti Computing plans to deploy new chip fabrication to reduce issues related to quantum computing like vulnerability to external factors such as noise. Thus, management expects revenues to grow in 2025 and the following year, after declining this year, a tell-tale sign that its share price is well-poised to scale upward in the near future.How to Trade RGTI Stock in 2025?With Rigetti Computing shares expected to see much higher levels in the new year, stockholders should hold onto their positions. But new investors should wait and watch.After all, quantum computing is a highly speculative business in its nascent stage. Moreover, being a capital-intensive business, Rigetti Computing faces the risk of running out of cash while scaling up and tackling operational perils. For the time being, RGTI stock possesses a Zacks Rank #3 (Hold), and it's premature to predict if it will be the next NVIDIA. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                      https://www.zacks.com                                                   Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Rigetti Computing, Inc. (RGTI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks