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
Quantum Stocks: Avoid Rigetti Computing And Buy IonQ Instead
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.
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.
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