Rigetti Computing Inc (NASDAQ: RGTI) came crumbling down in January when Jensen Huang, the chief executive of Nvidia, said quantum computing may take decades to realize practical utility.
However, the quantum technology company has staged a remarkable rebound over the past eight months.
At the time, famed investor Jim Cramer was strongly against owning RGTI shares. But sentiment has shifted since then. Huang has softened his stance on quantum computing – and so has the Mad Money host on Rigetti.
Rigetti shares remain popular among retail investors this year, and are up more than 12% today.
Cramer has turned positive on Rigetti stock
In January, Cramer didn’t mince words. “Rigetti … is probably the worst one,” he argued, citing flat revenues, insider selling, and a $50 million offering priced at $2.11 per share.
At the time, he said investors were chasing hype without understanding the business, and echoed Huang’s skepticism about quantum computing’s near-term value.
But Cramer’s view on RGTI stock has improved recently. In the latest segment of Mad Money, he maintained that it’s a speculative investment, but added:
“Rigetti could have something that could be a home run. RGTI is one that could have a headline tomorrow – I don’t want to keep you out of it.”
While he still doesn’t rank Rigetti stock as a favourite among quantum computing names, he now sees potential for a breakout – especially if the company achieves a meaningful technological or commercial milestone.
MSU partnership could help RGTI shares extend gains
RGTI shares have been ripping higher in recent sessions as the Berkeley-headquartered firm has recently partnered with Montana State University (MSU) to advance quantum computing research.
The team’s up coincides with the launch of MSU’s Quantum Core Research and Education Center (QCORE), which now houses an on-site Rigetti quantum processor.
This marks a tangible deployment of the company’s technology in an academic setting, potentially boosting credibility and visibility.
The move could help RGTI transition from speculative concept to practical contributor in quantum space. While the financial impact remains unclear, the partnership surely signals growing institutional interest in Rigetti’s platform.
For investors, it’s a sign that Rigetti is gaining traction beyond the lab– and future RGTI stock moving headline may not be far off.
Should you invest in Rigetti shares today?
Rigetti stock remains a high-risk, high-reward play in the quantum computing arena.
Cramer’s shift – from calling it “the worst one” to acknowledging its potential for a “home run” – reflects the name’s volatility and evolving narrative.
The Montana partnership adds a layer of legitimacy, suggesting RGTI’s technology is beginning to find real-world application. Still, the company faces steep competition, uncertain timelines, and the challenge of monetizing quantum innovation.
For now, therefore, Rigetti shares are a speculative bet – but one that’s starting to exhibit signs of life. Investors chasing quantum upside may find RGTI shares worth watching, even if it’s not yet ready for prime time.
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