Up by About 2,000% in the Past Year, Is Rigetti Computing Stock a Buy?

In the stock market, there's a not-so-subtle difference between investing and speculating. People doing the first are usually looking at an asset and considering its fundamentals and value; those doing the second hope to capitalize on momentum and hype. And while buying speculative stocks can deliver explosive returns over the short term, usually, that strategy will eventually underperform the slower but steadier returns of well-considered investment decisions over the long term. Rigetti Computing (NASDAQ: RGTI) might be a great example of this concept. While shares of the quantum computing start-up are still up by about 2,000% in the last 12 months, its rally has begun to crack. The stock has already dropped by about 44% from its all-time high of $56, and it may continue to give back its gains. So what do Rigetti's fundamentals tell us about when it might be a good time to buy the stock? Quantum computing technology can be used to create a new type of computer that can solve certain unusual types of problems that are unsolvable in any useful period of time by even the fastest classical supercomputers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool