1 Popular Quantum Computing Stock to Sell Before It Falls 20%, According to a Wall Street Analyst

Group 1 - The core investment interest in quantum computing stocks is shifting towards pure plays like IonQ, D-Wave Quantum, and Rigetti Computing, rather than established AI companies like Amazon and Microsoft, as investors seek new growth sources [2] - Rigetti Computing has seen a significant stock price increase of 1,800% over the past year, but recent trading indicates a decline, with shares currently 55% below their intra-year highs [3] - A Wall Street analyst has a Buy rating on Rigetti but estimates an intrinsic value of $20 per share, suggesting a potential downside of approximately 20% from current levels, indicating that while the macro outlook for quantum computing is positive, Rigetti may be overvalued [4] Group 2 - The popularity of investing in quantum computing stocks has surged as investors have previously focused on leaders in semiconductors and enterprise software for growth, with quantum AI emerging as a revolutionary concept [5] - Traditional computing relies on binary code, while quantum computing utilizes qubits that can process information in multiple states simultaneously, offering the potential for significantly faster algorithm processing [6][7] - Despite Rigetti's popularity and substantial gains over the last year, the company generates minimal revenue and lacks a clear path to operational improvement, indicating potential challenges ahead [8]