Jim Cramer Doesn't Think Rigetti Computing (RGTI)'s Share Price Is Right

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the stocks Jim Cramer recently discussed.

Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing company whose shares have gained 55% year-to-date. Over the past month alone, the stock has gained 102%. However, Cramer is unsure whether Rigetti Computing, Inc. (NASDAQ:RGTI)’s share price accurately reflects its value. He discussed the firm in the context of speculative stocks:

“I don’t know whether Rigetti is worth what Rigetti is trading at.”

While brief, Cramer’s comments were unsurprising as he has discussed Rigetti Computing, Inc. (NASDAQ:RGTI) as a speculative stock in previous programs. For instance, during a Mad Money episode aired on August 27th, he shared that “Rigetti could have something that could be a home run. I don’t want to keep you out of it. But it is a speculation, please remember that.”

Cramer has gone as far as to call Rigetti Computing, Inc. (NASDAQ:RGTI) a meme stock. The firm is among the few players in the industry that are developing quantum computing hardware. Rigetti Computing, Inc. (NASDAQ:RGTI) develops quantum processing units (QPUs) and provides quantum computing hardware products and software services.

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.