Where Will Rigetti Computing Stock Be in 5 Years?

Major technological breakthroughs can, over time, create trillions in shareholder value. The late 2022 release of OpenAI's ChatGPT is a great example of this phenomenon, as it set off a massive wave of interest in (and investment in) generative artificial intelligence (AI). Ambitious and forward-thinking investors will be keen to bet on technologies that have the potential to be the "next big thing" before they are discovered by the mainstream.Quantum computing looks like one such possible opportunity, and Rigetti Computing (NASDAQ: RGTI) might be a good way to gain exposure to it. Shares of the mid-cap tech company are up by around 400% over the last 12 months. But with quantum computing's ChatGPT moment years or even decades away, is it too early to invest? Let's consider what the next five years could bring for Rigetti.Quantum computing involves creating machines that process data in an entirely different way than traditional computers. Without going into the esoteric details of how they work, these machines can rapidly solve certain unusual categories of problems that would take years -- or even centuries -- for even a powerful classical computer. The technology could theoretically have significant use cases in fields such as materials science or drug discovery because it can dramatically speed up the processing of massive volumes of data, solve previously intractable math problems, and simulate extremely complex real-world processes.  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool