Rigetti Computing: Quantum Computing Stock Gaining Traction with Big Money Managers

Asset managers and hedge funds have been buying Rigetti Computing stock, despite its heavy losses and high valuation. The company develops superconducting quantum computers and has seen its share price rise 61% year-to-date. However, Rigetti's annual net loss is $351 million and its trailing revenue is only $7.5 million. Investors should consider the risk and high valuation before investing in Rigetti.