Quantum Stocks: Avoid Rigetti Computing And Buy IonQ Instead

Nexus Research profile picture
Nexus Research
3.67K Followers
(20min)

Summary

  • Quantum computing stocks have been flying high lately amid growing mainstream acceptance of the technology, delivering multiplicative returns in just one month.
  • In a simplified manner, we cover the different approaches of IonQ, Inc. and Rigetti Computing, Inc., and how they are positioned to capitalize on the growing addressable market.
  • Both stocks are expensive, but IonQ's proven monetization and robust financial health make it a cautious Buy, while Rigetti Computing is a Hold.

Artificial Intelligence, concept CPU - quantum computing

MF3d

Quantum computing stocks have been flying high lately, returning multiplicative returns in just one month. With the market gaining greater conviction that quantum computing will eventually replace all classical computing systems in the future, investors are bidding up the share prices

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Nexus Research profile picture
3.67K Followers
Striving to uncover long-term investment opportunities (10+ years) through in-depth research and analysis. Nexus Research seeks to evaluate and compare business strategies to determine a company’s potential for market penetration, revenue growth and profit margin expansion. During market downturns, stocks often become cheap very fast, creating various investment opportunities at once. Amid such circumstances, investors often lack the time to research a company thoroughly before making investment decisions, out of fear that they will miss out on attractive entry points. Therefore, Nexus Research not only uncovers present-day buying opportunities, but also offers extensive insights on solid companies with promising growth potential despite expensive valuations, thereby allowing investors to be ready and make well-informed investment decisions when the stock becomes more reasonably valued.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in IONQ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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