Jim Cramer - Mad Money Rigetti Computing RGTI-Q DON'T BUY Dec 18, 2024

RGTI is in the quantum computing space so it is getting a lot of attention currently. Revenues are fairly low with $11 mln expected next year compared to the market cap at $2.5 bln. The company is losing money currently. We would view it as high risk and speculative.and we would consider it one to watch only. The quantum computing space is the current 'hot' sector, but commercialization is years awy. RGTI has  massive negative cash flow. It does have $80M cash. We would consider it very very risky at this point. If quantum is going to be 'the next big thing' there will be lots of time to buy this. We would like to see higher revenues and cash flow at least getting towards break even. Certainly the stock could still move higher on momentum and speculation, but we cannot justify purchase on any fundamentals.
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Quantum computing now is in a classic hype cycle. Don't take any options. Take some profits. There's a lot of volatility in this space; these companies are not profitable. But in a few years, you will wish you had got in on the ground floor.

Nvidia CEO, Jensen Huang, said that quantum computing has a long way to go, which crushed quantum computing stocks today. This sector got overheated. These stocks have even more downside ahead. They're losing tons of money and have zero or very little revenue. Frothy and excessive. RGTI was $1 just last October. It's not too late to sell.

Is a meme stock, not trading on fundamentals, which are paltry.