Jim Cramer Eyes Quantum Computing Stocks Like Rigetti, Warns Against Super Micro Computer: 'They Are Trying So Hard To Walk It Up Now'
Jim Cramer is steering investors toward quantum computing stocks while expressing concerns about Super Micro Computer Inc. (NASDAQ:SMCI) amid its auditor changes.
What Happened: The CNBC’s “Mad Money” host announced on X on Tuesday his strategy to reinvest gains from GameStop Corp. (NYSE:GME) into quantum computing stocks, particularly as Rigetti Computing Inc. (NASDAQ:RGTI) saw extraordinary trading volume of 352 million shares against its 280 million outstanding shares. “They are trying so hard to walk it up now,” Cramer said.
Rigetti’s stock surged 47.93% to close at $8.95, rebounding from last week’s sector-wide selloff triggered by cautionary comments from tech leaders. The quantum computing sector, including IonQ Inc. (NYSE:IONQ) and D-Wave Quantum Inc. (NYSE:QBTS), showed strong recovery despite recent skepticism from industry giants.
This recovery comes after Nvidia Corp. CEO Jensen Huang‘s assessment that practical quantum computing applications might be 15-30 years away, with 20 years being the most likely timeline. Meta Platforms CEO Mark Zuckerberg echoed similar sentiments about the technology’s current limitations.
Meanwhile, Cramer took a decisive stance against Super Micro Computer, stating on CNBC, “Sell. It doesn’t matter, I don’t care…Accounting irregularities equal sell.”
See Also: JPMorgan Vs. Wells Fargo: 1 Bank Stock Technically Stronger Ahead Of Earnings
Why It Matters: Cramer’s comments follow SMCI’s recent auditor switch after Ernst & Young‘s unexpected departure in December. The company, known for its partnership with Nvidia, had been facing potential Nasdaq delisting risks due to delayed financial filings before securing a new auditor.
The market reflected these developments with GameStop shares falling 10.15% to $27.88, while Super Micro Computer declined 1.77% to close at $30.53.
Read Next:
Image made via AI on MidJourney
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: benzinga neuro Kaustubh Bagalkote KeyProj Jim CramerEquities News Markets
