Is Rigetti Computing (RGTI) One of the Best Performing Stocks in the Last 3 Months?

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the 12 Best Performing Stocks in the Last 3 Months. On October 29, Craig-Hallum analyst Richard Shannon reiterated a Buy rating on Rigetti Computing, Inc. (NASDAQ:RGTI).

This update came after Rigetti Computing, Inc. (NASDAQ:RGTI) announced on October 28 that it is supporting NVQLink, NVIDIA Corporation’s (NVDA) new open platform for integrating AI supercomputing with quantum computers.

Rigetti Computing, Inc.’s (NASDAQ:RGTI) work with NVQLink was shown at the Quantum Computing Pavilion at NVIDIA GTC Washington, D.C. Attendees were able to see a full-scale demonstration of a quantum computer by Rigetti Computing, Inc. (NASDAQ:RGTI) at NVIDIA Corporation’s (NVDA) booth.

NVQLink combines quantum processors and control systems with NVIDIA Corporation’s (NVDA) AI supercomputing, offering an easy solution to integrate and scale quantum hardware. Rigetti Computing, Inc. (NASDAQ:RGTI) is working with NVIDIA Corporation (NVDA) to offer low-latency, high-throughput connectivity between CPUs, GPUs and quantum processing units. This helps speed up the development of hybrid quantum-classical applications and accelerated quantum supercomputers.

Rigetti Computing, Inc. (NASDAQ:RGTI) is a full-stack quantum computing company that builds quantum computing systems and quantum processors. It operates quantum computers over the cloud and provides services to businesses, governments, and researchers through its Rigetti Quantum Cloud Services platform.

While we acknowledge the potential of RGTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.