Here’s How Rigetti (RGTI)’s Shares Behaved After Jim Cramer Said “It’s A Quantum GameStop” In January 2025

Rigetti Computing Inc. (NASDAQ:RGTI) is simply a quantum computing processor institution that makes and sells quantum processing units (QPUs). Its shares are up by 57% implicit the past year, but they are down by 16% since Cramer’s comments. Rigetti Computing Inc. (NASDAQ:RGTI)’s banal dipped by 53% betwixt January 3rd and January 10th aft NVIDIA CEO Jensen Huang commented that, successful his opinion, quantum computing’s applicable applications could beryllium decades retired successful the future. However, betwixt January 10th and October 17th, Rigetti Computing Inc. (NASDAQ:RGTI)’s banal surged by a monolithic 419%. Several factors drove the meteoric surge successful price. For instance, the steadfast announced connected September 30th that it had received acquisition orders for 2 Novera quantum computers. The announcement came aft Rigetti Computing Inc. (NASDAQ:RGTI) had announced successful August that it had made its 36-qubit system, Cepheus-1-36Q, disposable connected its unreality platform. However, the banal has been connected a downward inclination since November, and present is what Cramer had said successful his Mad Money appearance:

“But past for example, erstwhile I look astatine Rigetti Computing, it’s a $5.6 cardinal company, professes to beryllium a person successful quantum computers and superconducting equipment, I turn concerned. Rigetti is simply a multiple-year wealth loser with conscionable $11.9 cardinal successful revenues successful the past 12 months.

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