Could Investing $10,000 in Rigetti Computing Stock Make You a Millionaire?

You don't need call options or other exotic investment strategies to make life-changing returns in financial markets. Sometimes, buying a regular stock like Rigetti Computing (NASDAQ: RGTI) can do the trick. With shares up by over 3,170% over the last 12 months, a $10,000 investment made this time last year would be worth a whopping $327,000 today as investors get more excited about the company's pick-and-shovel take on quantum computing opportunity -- a technology that could potentially transform the way people live and do business. But is this rally driven by hype or fundamentals? Let's dig deeper to see if Rigetti is still a buy or if it is time for investors to take their profits and run for the hills.Quantum computing promises to dramatically boost the problem-solving ability of computers by replacing the traditional bit (which can only be in one of two states) with something called a qubit, which can be in multiple states simultaneously. Scientists have been working on it for decades. But Wall Street started really paying attention late last year, when Google released its quantum chip, Willow, capable of correcting its own mistakes and outperforming traditional supercomputers on specialized tests.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool