I’m Not Recommending Rigetti (RGTI), Says Jim Cramer

Core Insights - Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing hardware company that produces quantum processing units (QPUs) and has recently been discussed by Jim Cramer regarding its financial performance and stock outlook [1] Financial Performance - Rigetti reported significant financial losses, with revenue of $1.9 million compared to expectations of $2.17 million, indicating a substantial miss in earnings [1] - Analyst target prices for Rigetti have been lowered, with Benchmark reducing its target from $50 to $40 and B. Riley from $42 to $35, reflecting a neutral stance on the stock [1] Market Sentiment - Despite the disappointing financial results, the stock price has seen an increase, which raises questions about its valuation and future potential [1] - Jim Cramer explicitly stated he is not recommending Rigetti, emphasizing the disconnect between past recommendations and current performance [1] Investment Perspective - The article suggests that while Rigetti has potential, there are other AI stocks that may offer better returns with lower risk, indicating a shift in investment focus [1]