Quantum computing may be the next technology megatrend.

Every few decades, a new technology megatrend comes around with the potential to transform the way people live and work. Most recently, these have included the internet and generative artificial intelligence (AI). But some analysts believe quantum computing could be next.

And if it is, the early movers like Rigetti Computing ( RGTI -0.02% ) could be on track to mint plenty of millionaires over the long term. Optimism has sent the company's shares up by more than 5,000% over the last 12 months.

But is this explosive rally based on hype or fundamentals? Let's dig deeper to see what the company's future might hold.

What is quantum computing?

Quantum computing is a field of computer science and physics that promis

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