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Rigetti Computing: An Egregiously Overvalued Quantum Computing Stock


Published on 2025-01-10 10:21:01 - Forbes
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  • Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

The article from Forbes discusses Rigetti Computing, a company focused on quantum computing, and argues that its stock is egregiously overvalued. Despite the excitement around quantum computing, Rigetti's financial health is concerning with a significant net loss of $101.5 million in the last year, a high price-to-sales ratio of 22.5, and a price-to-book ratio of 1.7. The company's revenue has been inconsistent, and its cash reserves are dwindling, which raises questions about its sustainability. The author, GuruFocus, points out that while Rigetti has made strides in technology, such as developing a 9-qubit quantum system, the market's valuation seems disconnected from the company's operational realities and financial performance. The piece suggests that investors should be cautious, as the stock's high valuation might not be justified by the company's current business fundamentals.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/gurufocus/2025/01/10/rigetti-computing-an-egregiously-overvalued-quantum-computing-stock/ ]