Rigetti Computing's stock is overvalued and facing tough competition, despite temporary surges driven by industry news. Click here to read why RGTI is a Strong Sell.

Rigetti stock surged 22% as renewed interest in quantum computing reignites investor confidence. Discover factors driving the rebound

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

"Particularly because of the hype that is going on in the quantum computing space and some erroneous statements are being made, including by people in the industry, we have to tamp down some expectations," Rigetti Computing CEO Subodh Kulkarni told me on Yahoo Finance's Opening Bid podcast (video above; listen in below).

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

Rigetti stock is up 1,756% in the last year — but 74% overvalued. Investors who did not buy Nvidia stock before GenAI wave, fear missing out on quantum computing.

Curious about the future of quantum computing? Rigetti Computing (NASDAQ: RGTI) has been making waves with its groundbreaking advances in quantum technology. But is this stock a buy, sell, or hold? With extreme volatility and game-changing potential,

CEO Subodh Kulkarni had a message for investors. “It’s still not the time to talk about sales and sales growth because we are still very much in the technology development mode,” he told Yahoo. “We have to get the technology perfected before we can start seeing real material