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    No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Rigetti's stock soared 84% in September, dramatically outperforming other quantum computing peers. The stock’s volatility index is ticking upward, suggesting increased short-term trading interest. This behavior is common in small-cap tech before major product or earnings announcements.

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