Options Dilemma: Where Will Rigetti Computing (RGTI) Head Next?

It’s probably the question that’s on most investors’ minds: where will quantum-computing specialist Rigetti Computing (RGTI) head next following its stratospheric run? For quite some time, RGTI was literally a penny stock. However, a 463% return over the past 30 days has completely flipped the narrative. Nevertheless, it’s worth asking how long such a run can last given obvious concerns.

As Barchart content partner Zacks Investment Research pointed out, there has been a frenzy in the ecosystem following Alphabet’s (GOOG, GOOGL) Google unveiling its new computer chip called Willow. This innovation “can perform calculations in less than five minutes that would take one of the world’s most powerful supercomputers almost an eternity.”