Why These 24 Stocks Are Skyrocketing

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1. Rigetti Computing, Inc. (NASDAQ:RGTI)

Q4 Returns as of December 31, 2024: 1849%

In the fourth quarter of 2024, RGTI returned a staggering 1849%, growing from $0.78 on September 30 to $15.2 on December 31, 2024.

The quantum integrated circuits developer has a solid growth opportunity as tech giants and the US government increase their stake and investment in quantum computing.

In the third quarter of 2024, the company generated $2.4 million in revenue. While the company is still making a loss, RGTI expects to release revolutionary quantum chips in 2025, boosting investor optimism.

In an impressive feat, on December 23, 2024, Rigetti Computing Inc. (RGTI) launched its revolutionary 84-qubit Ankaa-3 system. The quantum computer offers superior performance and is capable of 3D signal delivery.

While we acknowledge the potential of RGTI to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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