Jim Cramer Discussed These 16 Stocks Recently

1. Rigetti Computing, Inc. (NASDAQ:RGTI)

Number of Hedge Fund Holders: 22

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the 16 stocks that Jim Cramer recently discussed. Highlighting how stocks like RGTI are coming into “style”, Cramer commented:

“People always buy, oh, Rigetti Computing and IONQ, D-Wave Quantum, Quantum Computing. I’ve had a hard time dealing with these socks frankly, because they are all losing gobs, gobs, gobs of money. They have almost no revenue. As long as their stocks were low, it was hard to see what they could do. But you see now that their stocks are high, they can issue new shares, raise all the money they need to stay alive. The stocks are that hot. And of course, quantum computing is just opaque enough that it’s very easy to pitch for speculation even as it’s incredibly hard to figure out which companies are the best operators.

I tend to default to the balance sheet, the income statement. I’m old-fashioned. But when you do that [with] these stocks, well, you blanch. Perhaps every one of these quantum computing players will fit into Jensen’s inflection point. Maybe with their stocks so inflated, they can buy some fellow quantum companies with better prospects. But at this exciting moment in the year of magical stock thinking, these stocks are very much in style. So people will sell all sorts of traditional stocks like NVIDIA to raise money to get some quantum exposure, all because Jensen Huang has dramatically moved up this timeframe.”

Rigetti Computing, Inc. (NASDAQ:RGTI) is a company that works on designing and creating quantum computers. It also develops superconducting processors used in quantum systems.

While we acknowledge the potential of Rigetti Computing, Inc. (NASDAQ:RGTI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RGTI and that has 100x upside potential, check out our report about this cheapest AI stock.

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