Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”

1
1
Favorite

Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”

Insider Monkey01-23

We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Guavaxf30
·01-23
RGTI was less than $1.00 a couple of months ago. Now at more than $13-14, one has to wonder, what really is the true value? For me, just go back to basic. What is the revenue, and profit. At the moment, both are missing. As for the future, heck, will RGTI be the next Nvidia, or the countless number of companies that did not survive their hype? I dare say, those that crashed and ceased to exist outnumber those that made it good by more than 100 to 1. I play golf. A good golfer plays %. Be a Jack Nicklaus. Not a John Daly.
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2505081003?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-23 08:56","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2505081003","market":"us","top_or_hot":-1,"title":"Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”","media":"Insider Monkey","content":"<div>\n<p>We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html","article_id":"2505081003","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505081003","pubTimestamp":1737593789,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc.  stands against other stocks that Jim Cramer recently discussed.In his appearance on CNBC’s Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department’s December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.The positivity in the market after the elections was because investors “had a resolution to” the perceived differences between former Vice President Kamala Harris and President Donald Trump’s policies. Cramer added that “once they had a resolution, they wanted to hire agai","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"这就是为什么吉姆·克莱默说“避免里盖蒂计算公司(RGTI)”，尽管量子计算大肆宣传”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGTI":1,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9,"RGTIW":0.9,".IXIC":0.9,"SQQQ":0.6,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against other stocks that Jim Cramer recently discussed.\nIn his appearance on CNBC’s Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department’s December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.\nCramer’s remarks for the jobs report focused on its impact on the stock market as stocks fell. Stocks had dropped because investors believed that the fresh data would disincentivize the Federal Reserve from reducing interest rates. However, Cramer had “trouble being really negative on that. 25 cents maybe, 30 cents. But when I see this number what I say to myself is, okay, would you prefer earnings to be good? Cause this isn’t earnings to be good. Or would you prefer rate cuts?” The CNBC host prefers positive earnings over potential rate cuts. He shared, “Anytime I can get earnings to be good, I vastly prefer that to rate cuts because rate cuts don’t necessarily translate into EPS. We are in the end, preachers of what makes stocks move. I know that if you want to pay more for bonds, we get an interest rate that’s higher, that’s supposed to be really bad for stocks.”\nAccording to Cramer, “What’s really bad for stocks is employment. Is recession.” Consequently, his optimism stemmed from the fact that “These numbers are so far away from [a] recession that the only thing I conclude, David, is this that the Fed got it wrong. But that doesn’t mean necessarily, that, CEOs are gonna get it wrong. That businesses are going to get it wrong. We do not have a number that’s going to wipe out companies. We have a number that’s going to keep this economy afloat regardless of what the Fed does.”\nAs investors re-calibrated their expectations to higher for longer once again, bond yields rose since bonds with current rates were sold. Cramer commented on the yields rising and stated, “We’ll get to readjust. This is a reset moment. The question is . . do we have to say, like John Gibson [CEO of a payroll processor] said to me. . . that none of this stuff ever factors in the small to medium-sized business. Of which he said there was a huge flood of optimism, after the election. Now, to say well what happened is people were waiting to see whether Vice President Harris was elected and therefore they wouldn’t expand versus President-elect Trump would expand.”\nThe positivity in the market after the elections was because investors “had a resolution to” the perceived differences between former Vice President Kamala Harris and President Donald Trump’s policies. Cramer added that “once they had a resolution, they wanted to hire again. Now this isn’t me talking. This is the guy whose, whose the largest payroll processor in the country of small to medium-sized businesses, and he was talking about getting involved, and being on the Fed and saying that the Fed really is out of touch. Well, I think that what we saw, I don’t wanna, you know I respect Jay Powell greatly, but maybe they didn’t understand that once you got the election out of the way there could be bullishness no matter what.”\nEven as investors briefly fled from the market following the jobs report, Cramer didn’t mind that the data had massively overshot economist expectations. He outlined, “I vastly prefer that we have more people being hired. Forty-six thousand healthcare. Forty-five, forty-three thousand in retail. Are these things, that really are inflationary, when we have mining, quarrying, oil and gas, construction, manufacturing, wholesale trade, transportation, warehouse, information, financial activities, professional and business, no change.”\nAs a result, Cramer pinpointed, “We can decide that bonds should control the whole dialogue. Or we can look at” data from airlines and retailers and discount it.  Delta. “And what are we supposed to say, you know what, I don’t count those earnings because of the ten year? No of course not,” he asserted.\nCommenting further on the rate cuts, he shared:\n\n“Look, the rate cut was ill-advised. In retrospect. The last one was. I did fifty, and then twenty five, then twenty five. Though twenty five was not data dependent. They’re supposed to be data dependent. That was not data dependent. They made a mistake. Really.”\n\nSubsequently, Cramer concluded, “I’m not going to hold what I feel about the S&P, hostage, for this increase in yields.”\nOur Methodology\nTo make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired recently.\nFor these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).\n A close up of an engineer typing at a quantum computing station in a modern office space. \nRigetti Computing, Inc. (NASDAQ:RGTI)\nNumber of Hedge Fund Holders In Q3 2024: 7\nRigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing hardware and software services provider. The firm makes and sells quantum computers, and it also provides cloud-based quantum computing. Even though Rigetti Computing, Inc. (NASDAQ:RGTI)’s shares soared by 1,400% in 2024, Cramer isn’t a fan of the stock. He has shared multiple times that quantum computing isn’t worth the hype. Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock is down 39% year to date, and in his remarks, Cramer maintained the bearishness:\n\n“Rigetti, RGTI, is a quantum company that was less than a dollar two months ago. They tried to gun it up, uh early morning, between four and five, they took it up higher and now they are wearing it. Please be careful not to take stocks up between four and five because they’re real sellers when the market opens. This is a quantum computing company that I, well I don’t know when [inaudible] earnings, but boy is it ever in the face of what Jensen Huang, whose own stock is not doing well today. I don’t want to be in Rigetti Computing.”\n\nOverall, RGTI ranks 13th on our list of Jim Cramer recently discussed. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":395592189272456,"gmtCreate":1737607063701,"gmtModify":1737607068864,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3576140222331577","idStr":"3576140222331577"},"htmlText":"RGTI was less than $1.00 a couple of months ago. Now at more than $13-14, one has to wonder, what really is the true value?&nbsp; For me, just go back to basic. What is the revenue, and profit. At the moment, both are missing.&nbsp; As for the future, heck, will RGTI be the next Nvidia, or the countless number of companies that did not survive their hype? I dare say, those that crashed and ceased to exist outnumber those that made it good by more than 100 to 1.&nbsp; I play golf. A good golfer plays %.&nbsp; Be a Jack Nicklaus. Not a John Daly.","listText":"RGTI was less than $1.00 a couple of months ago. Now at more than $13-14, one has to wonder, what really is the true value?&nbsp; For me, just go back to basic. What is the revenue, and profit. At the moment, both are missing.&nbsp; As for the future, heck, will RGTI be the next Nvidia, or the countless number of companies that did not survive their hype? I dare say, those that crashed and ceased to exist outnumber those that made it good by more than 100 to 1.&nbsp; I play golf. A good golfer plays %.&nbsp; Be a Jack Nicklaus. Not a John Daly.","text":"RGTI was less than $1.00 a couple of months ago. Now at more than $13-14, one has to wonder, what really is the true value? For me, just go back to basic. What is the revenue, and profit. At the moment, both are missing. As for the future, heck, will RGTI be the next Nvidia, or the countless number of companies that did not survive their hype? I dare say, those that crashed and ceased to exist outnumber those that made it good by more than 100 to 1. I play golf. A good golfer plays %. Be a Jack Nicklaus. Not a John Daly.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395592189272456","repostId":2505081003,"repostType":2,"repost":{"id":"2505081003","kind":"highlight","pubTimestamp":1737593789,"share":"https://ttm.financial/m/news/2505081003?lang=&edition=fundamental","pubTime":"2025-01-23 08:56","market":"us","language":"en","title":"Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”","url":"https://stock-news.laohu8.com/highlight/detail?id=2505081003","media":"Insider Monkey","summary":"We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc.  stands against other stocks that Jim Cramer recently discussed.In his appearance on CNBC’s Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department’s December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.The positivity in the market after the elections was because investors “had a resolution to” the perceived differences between former Vice President Kamala Harris and President Donald Trump’s policies. Cramer added that “once they had a resolution, they wanted to hire agai","content":"<html><body><p>We recently published a list of <strong>Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession</strong>. In this article, we are going to take a look at where <a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>, Inc. (NASDAQ:RGTI) stands against other stocks that Jim Cramer recently discussed.</p>\n<p>In his appearance on CNBC’s Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department’s December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.</p>\n<p>Cramer’s remarks for the jobs report focused on its impact on the stock market as stocks fell. Stocks had dropped because investors believed that the fresh data would disincentivize the Federal Reserve from reducing interest rates. However, Cramer had “trouble being really negative on that. 25 cents maybe, 30 cents. But when I see this number what I say to myself is, okay, would you prefer earnings to be good? Cause this isn’t earnings to be good. Or would you prefer rate cuts?” The CNBC host prefers positive earnings over potential rate cuts. He shared, “Anytime I can get earnings to be good, I vastly prefer that to rate cuts because rate cuts don’t necessarily translate into EPS. We are in the end, preachers of what makes stocks move. I know that if you want to pay more for bonds, we get an interest rate that’s higher, that’s supposed to be really bad for stocks.”</p>\n<p>According to Cramer, “What’s really bad for stocks is employment. Is recession.” Consequently, his optimism stemmed from the fact that “These numbers are so far away from [a] recession that the only thing I conclude, David, is this that the Fed got it wrong. But that doesn’t mean necessarily, that, CEOs are gonna get it wrong. That businesses are going to get it wrong. We do not have a number that’s going to wipe out companies. We have a number that’s going to keep this economy afloat regardless of what the Fed does.”</p>\n<p>As investors re-calibrated their expectations to higher for longer once again, bond yields rose since bonds with current rates were sold. Cramer commented on the yields rising and stated, “We’ll get to readjust. This is a reset moment. The question is . . do we have to say, like John Gibson [CEO of a payroll processor] said to me. . . that none of this stuff ever factors in the small to medium-sized business. Of which he said there was a huge flood of optimism, after the election. Now, to say well what happened is people were waiting to see whether Vice President Harris was elected and therefore they wouldn’t expand versus President-elect Trump would expand.”</p>\n<p>The positivity in the market after the elections was because investors “had a resolution to” the perceived differences between former Vice President Kamala Harris and President Donald Trump’s policies. Cramer added that “once they had a resolution, they wanted to hire again. Now this isn’t me talking. This is the guy whose, whose the largest payroll processor in the country of small to medium-sized businesses, and he was talking about getting involved, and being on the Fed and saying that the Fed really is out of touch. Well, I think that what we saw, I don’t wanna, you know I respect Jay Powell greatly, but maybe they didn’t understand that once you got the election out of the way there could be bullishness no matter what.”</p>\n<p>Even as investors briefly fled from the market following the jobs report, Cramer didn’t mind that the data had massively overshot economist expectations. He outlined, “I vastly prefer that we have more people being hired. Forty-six thousand healthcare. Forty-five, forty-three thousand in retail. Are these things, that really are inflationary, when we have mining, quarrying, oil and gas, construction, manufacturing, wholesale trade, transportation, warehouse, information, financial activities, professional and business, no change.”</p>\n<p>As a result, Cramer pinpointed, “We can decide that bonds should control the whole dialogue. Or we can look at” data from airlines and retailers and discount it.  Delta. “And what are we supposed to say, you know what, I don’t count those earnings because of the ten year? No of course not,” he asserted.</p>\n<p>Commenting further on the rate cuts, he shared:</p>\n<blockquote>\n<p>“Look, the rate cut was ill-advised. In retrospect. The last one was. I did fifty, and then twenty five, then twenty five. Though twenty five was not data dependent. They’re supposed to be data dependent. That was not data dependent. They made a mistake. Really.”</p>\n</blockquote>\n<p>Subsequently, Cramer concluded, “I’m not going to hold what I feel about the S&amp;P, hostage, for this increase in yields.”</p>\n<h3><strong>Our Methodology</strong></h3>\n<p>To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired recently.</p>\n<p>For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (<strong>see more details here</strong>).</p>\n<img avoid=\"\" computing=\"\" despite=\"\" height=\"816\" hype=\"\" inc.=\"\" quantum=\"\" rigetti=\"\" src=\"https://s1.yimg.com/uu/api/res/1.2/Xrzf597sdpHRr970l3AqEQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/3b8c62b292bf65597de43e899db07de4\" width=\"1456\"/> A close up of an engineer typing at a quantum computing station in a modern office space. \n<h3>Rigetti Computing, Inc. (NASDAQ:RGTI)</h3>\n<p><em><strong>Number of Hedge Fund Holders In Q3 2024: 7</strong></em></p>\n<p>Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing hardware and software services provider. The firm makes and sells quantum computers, and it also provides cloud-based quantum computing. Even though Rigetti Computing, Inc. (NASDAQ:RGTI)’s shares soared by 1,400% in 2024, Cramer isn’t a fan of the stock. He has shared multiple times that quantum computing isn’t worth the hype. Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock is down 39% year to date, and in his remarks, Cramer maintained the bearishness:</p>\n<blockquote>\n<p>“Rigetti, RGTI, is a quantum company that was less than a dollar two months ago. They tried to gun it up, uh early morning, between four and five, they took it up higher and now they are wearing it. Please be careful not to take stocks up between four and five because they’re real sellers when the market opens. This is a quantum computing company that I, well I don’t know when [inaudible] earnings, but boy is it ever in the face of what Jensen Huang, whose own stock is not doing well today. I don’t want to be in Rigetti Computing.”</p>\n</blockquote>\n<p>Overall, RGTI <strong><b>ranks 13th</b></strong> on our list of Jim Cramer recently discussed. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about the <b>cheapest AI stock</b>.</p>\n<p><strong><b>READ NEXT: </b></strong><strong><b>20 Best AI Stocks To Buy Now</b></strong><strong><b> and </b></strong><strong><b>Complete List of 59 AI Companies Under $2 Billion in Market Cap</b></strong></p>\n<p>Disclosure: None. This article is originally published at <strong><b>Insider Monkey</b></strong><strong><b>.</b></strong></p>\n</body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s Why Jim Cramer Says “Avoid Rigetti Computing, Inc. (RGTI)” Despite Quantum Computing Hype”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/why-jim-cramer-says-avoid-005629446.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2505081003","content_text":"We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against other stocks that Jim Cramer recently discussed.\nIn his appearance on CNBC’s Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department’s December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.\nCramer’s remarks for the jobs report focused on its impact on the stock market as stocks fell. Stocks had dropped because investors believed that the fresh data would disincentivize the Federal Reserve from reducing interest rates. However, Cramer had “trouble being really negative on that. 25 cents maybe, 30 cents. But when I see this number what I say to myself is, okay, would you prefer earnings to be good? Cause this isn’t earnings to be good. Or would you prefer rate cuts?” The CNBC host prefers positive earnings over potential rate cuts. He shared, “Anytime I can get earnings to be good, I vastly prefer that to rate cuts because rate cuts don’t necessarily translate into EPS. We are in the end, preachers of what makes stocks move. I know that if you want to pay more for bonds, we get an interest rate that’s higher, that’s supposed to be really bad for stocks.”\nAccording to Cramer, “What’s really bad for stocks is employment. Is recession.” Consequently, his optimism stemmed from the fact that “These numbers are so far away from [a] recession that the only thing I conclude, David, is this that the Fed got it wrong. But that doesn’t mean necessarily, that, CEOs are gonna get it wrong. That businesses are going to get it wrong. We do not have a number that’s going to wipe out companies. We have a number that’s going to keep this economy afloat regardless of what the Fed does.”\nAs investors re-calibrated their expectations to higher for longer once again, bond yields rose since bonds with current rates were sold. Cramer commented on the yields rising and stated, “We’ll get to readjust. This is a reset moment. The question is . . do we have to say, like John Gibson [CEO of a payroll processor] said to me. . . that none of this stuff ever factors in the small to medium-sized business. Of which he said there was a huge flood of optimism, after the election. Now, to say well what happened is people were waiting to see whether Vice President Harris was elected and therefore they wouldn’t expand versus President-elect Trump would expand.”\nThe positivity in the market after the elections was because investors “had a resolution to” the perceived differences between former Vice President Kamala Harris and President Donald Trump’s policies. Cramer added that “once they had a resolution, they wanted to hire again. Now this isn’t me talking. This is the guy whose, whose the largest payroll processor in the country of small to medium-sized businesses, and he was talking about getting involved, and being on the Fed and saying that the Fed really is out of touch. Well, I think that what we saw, I don’t wanna, you know I respect Jay Powell greatly, but maybe they didn’t understand that once you got the election out of the way there could be bullishness no matter what.”\nEven as investors briefly fled from the market following the jobs report, Cramer didn’t mind that the data had massively overshot economist expectations. He outlined, “I vastly prefer that we have more people being hired. Forty-six thousand healthcare. Forty-five, forty-three thousand in retail. Are these things, that really are inflationary, when we have mining, quarrying, oil and gas, construction, manufacturing, wholesale trade, transportation, warehouse, information, financial activities, professional and business, no change.”\nAs a result, Cramer pinpointed, “We can decide that bonds should control the whole dialogue. Or we can look at” data from airlines and retailers and discount it.  Delta. “And what are we supposed to say, you know what, I don’t count those earnings because of the ten year? No of course not,” he asserted.\nCommenting further on the rate cuts, he shared:\n\n“Look, the rate cut was ill-advised. In retrospect. The last one was. I did fifty, and then twenty five, then twenty five. Though twenty five was not data dependent. They’re supposed to be data dependent. That was not data dependent. They made a mistake. Really.”\n\nSubsequently, Cramer concluded, “I’m not going to hold what I feel about the S&P, hostage, for this increase in yields.”\nOur Methodology\nTo make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired recently.\nFor these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).\n A close up of an engineer typing at a quantum computing station in a modern office space. \nRigetti Computing, Inc. (NASDAQ:RGTI)\nNumber of Hedge Fund Holders In Q3 2024: 7\nRigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing hardware and software services provider. The firm makes and sells quantum computers, and it also provides cloud-based quantum computing. Even though Rigetti Computing, Inc. (NASDAQ:RGTI)’s shares soared by 1,400% in 2024, Cramer isn’t a fan of the stock. He has shared multiple times that quantum computing isn’t worth the hype. Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock is down 39% year to date, and in his remarks, Cramer maintained the bearishness:\n\n“Rigetti, RGTI, is a quantum company that was less than a dollar two months ago. They tried to gun it up, uh early morning, between four and five, they took it up higher and now they are wearing it. Please be careful not to take stocks up between four and five because they’re real sellers when the market opens. This is a quantum computing company that I, well I don’t know when [inaudible] earnings, but boy is it ever in the face of what Jensen Huang, whose own stock is not doing well today. I don’t want to be in Rigetti Computing.”\n\nOverall, RGTI ranks 13th on our list of Jim Cramer recently discussed. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap\nDisclosure: None. This article is originally published at Insider Monkey.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}