2 Pure-Play Quantum Computing Stocks That Can Plunge Up to 62%, According to Select Wall Street Analysts

Though artificial intelligence (AI) has seemingly been the hottest thing since the advent and proliferation of the internet in the mid-1990s, it's not the only game-changing innovation that has Wall Street brimming with excitement. The evolution of quantum computing comes in a very close second.Quantum computing relies on quantum mechanics to solve complex problems that traditional computers either can't handle or wouldn't be able to perform during our lifetime. While some of Wall Street's "Magnificent Seven" are dabbling in quantum computing hardware, it's a select group of pure-play stocks -- IonQ (NYSE: IONQ) and Rigetti Computing (NASDAQ: RGTI) -- that have soared.Over the trailing year, as of the closing bell on Oct. 9, IonQ and Rigetti Computing have delivered respective returns of 712% and 5,940% (not a typo!). While most Wall Street analysts are intrigued about the long-term potential of this technology, optimism isn't universal, with select analysts projecting declines in the neighborhood of 60% for both stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool