Down 57% From All-Time Highs, Is This Quantum Computing Stock the Bargain of the Decade?

Over the past year, a new subsector of artificial intelligence (AI) stocks started receiving intense investment interest. As a result, these companies saw parabolic rises in their stock price seemingly out of nowhere. What was the catalyst fueling the hype around these emerging AI players? The basic explanation is that quantum computing started gaining investment traction within the broader AI narrative.Many big tech companies, including Amazon, Microsoft, Alphabet, and Nvidia, are developing quantum computing chips or are involved in quantum computing partnerships. Part of the growth story for these stocks is investor interest in these efforts.While investors appear to be captivated by the idea of investing in quantum computing, some of them are looking beyond the usual "Magnificent Seven" stocks. That led them to look at pure-play quantum computing companies such as IonQ (NYSE: IONQ), D-Wave Quantum (NYSE: QBTS), and Rigetti Computing (NASDAQ: RGTI). In the case of Rigetti stock, it has soared by as much as 2,750% over the last six months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool