So Rigetti Computing just hit a 1300% surge and everyone's talking about it, but here's what's actually interesting—the stock exploded while the company's revenue is basically still nothing. Classic spec tech play.

Let me be real: Rigetti has built some legit quantum computing tech and they're operating in a space with massive long-term potential. But that's where the story gets complicated. The execution risk here is genuinely high. We're talking about a company that's still in the early stages, burning cash, and facing serious dilution concerns. When you look at the fundamentals, the valuation doesn't match the actual business metrics.

The 1300% rally tells you everything about market sentiment right now—quantum computing is hot, and investors are treating it like a lottery ticket. But sentiment and revenue are two different things. Rigetti's revenue is minimal compared to where the stock price is trading. That gap is the real story.

What matters for 2030? Execution. Can they actually deliver on the quantum computing promise? Can they scale? Can they maintain competitive advantage? These are the questions that'll determine if this holds or if it becomes a cautionary tale about hype cycles.

I'm watching this one closely, but I'm not pretending the risk isn't real. Sometimes the biggest rallies hide the biggest problems.