Artificial intelligence (AI) is creating several multi-trillion-dollar opportunities. Some experts, for example, believe robotaxis will one day be a $10 trillion market. That has been made possible by rapid advancements in AI, which in turn are rapidly improving self-driving capabilities.
There’s also the ongoing data center build-out, which some experts believe is a $7 trillion opportunity over the next few years alone. The list goes on and on. Put simply, AI is a transformational technology. Wall Street doesn’t want investors to miss their opportunity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Below are two stocks that certain analysts are highly bullish on.
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1. Rigetti Computing
Rigetti Computing (NASDAQ: RGTI) is technically a quantum computing stock, but the future of quantum computing is heavily intertwined with advancements in AI. Quantum hardware shares many components with AI, and both technologies will likely be used in tandem for future applications.
Nine analysts actively cover Rigetti stock. Six have a “buy” rating on shares, while the other three have a “hold” rating. The average price target is $30.71, suggesting around 90% upside potential from the current price over the next 12 to 18 months.
The most bullish analyst covering Rigetti stock is John McPeake from Rosenblatt Securities, a boutique investment bank. His price target of $40 suggests roughly 150% in potential upside. McPeake reiterated his prediction on July 29.
In June, David Rivas, the Chief Technology Officer of Rigetti, sold 499,328 shares for $12.7 million. Rigetti also still hasn’t fully resolved concerns regarding its technology development and product release delays. Technical and commercial scaling challenges remain a major…
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