The price of Rigetti Computing has been in recent days, as it has decreased by more than 7 % in the last five sessions. However, his strong operation last month kept on his feet, with 14 % gains during that period. As quantum computing is the traction, the bullish trend of the company appears promising. However, there is still a wide gap between its revenues and evaluation.
Quantum computing is still far from collective adoption, and AI is currently beloved of the market. Rigetti Computing received $ 2.4 million in revenue and reported $ 17.3 million in the third quarter of 2024.
The above scenario refers to a company that can continue to spend a large part of its money on research and development, which limits profitability opportunities in the foreseeable future. However, the price of RIGETTI has increased by 1230 in the past six months, and its value is currently $ 3 billion. High stock and high evaluation depends on a strong demand for quantum computing in the coming years.
RIGETTI (NASDAQ: RGTI) took the world of technology through the storm after displaying the will of the willow chip to exercise in five minutes a standard computing challenge that would take the super computer near light years to solve it. The company will launch two new systems with 36 and 108 Cubits, which can be another main leap towards making quantum computing more reliable.
While practically, Rigetti has already established itself as a leading market force in the quantum. This investors may remain for fear of the FOMO mentality and help to increase the share price. However, it faces existential competition from technology giants such as Alphabet, and this is likely to become more tight over time.
RIGETTI Computing Prediction at stock price
RSI On Riftti Computing Socrates indicates that it is likely that it is likely to remain in the near -term direction, less than a central brand of $ 12.00. The arrow is likely to find the first support at $ 12.30. However, the extensive control by the sellers will collapse without this level and potentially test 12.60 dollars.
On the other hand, the transition above $ 12.00 will prefer buyers to control. In this case, the arrow is likely to face the first resistance at $ 11.55. The narration of the negative side will be invalid if this barrier is broken. Moreover, the momentum can test $ 11.10.
Part of post -RIGETTI: the beginning of a decrease or correction? He first appeared in the United Kingdom on Investingcube.
