Quantum Computing Stocks Grab Headlines as Cramer Urges Investors to Shift Focus

The quantum computing sector is grabbing headlines once again, with CNBC's “Mad Money” host Jim Cramer urging investors to shift their focus to stocks

CNBC’s “Mad Money” host Jim Cramer urged investors on Tuesday to shift their focus to stocks in the emerging field of quantum computing, following Rigetti Computing Inc.’s (NASDAQ:RGTI) remarkable stock performance.

Shares of the quantum computing company soared 47.93% to close at $8.95 on an extraordinary trading volume of 352 million shares, far exceeding its 280 million outstanding shares.

Cramer took to X (NYSE:TWTR) to share his investment strategy, advising followers to channel gains from stocks like GameStop Corp. (NYSE:GME) into quantum computing.

“They are trying so hard to walk it up now,” Cramer said, underscoring his bullish outlook for the sector.

Rigetti's massive trading volume and price surge highlighted renewed investor confidence in the emerging technology, despite skepticism from industry leaders about its readiness for real-world applications.

**Quantum Computing Stocks Rebound After Sector-Wide Selloff**

Rigetti wasn't alone in its recovery on Tuesday. Key players in the quantum computing space, including IonQ Inc. (NYSE:IONQ) and D-Wave Quantum Inc. (NYSE:QBTS), also bounced back strongly from last week’s selloff.

The sector faced downward pressure after tech heavyweights like Nvidia Corp. CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg expressed caution about the timeline for practical quantum computing applications.

Huang suggested a 15-30 year time frame, with 20 years being the most likely point for the technology to become commercially viable, in an interview with CNBC.

Zuckerberg, in an earnings call on Wednesday, said that while quantum computing is “a very exciting technology,” it is still “early days” for its development and application.

“I wouldn't get your hopes up too high that this is going to be a magical lever that we can just flip really quickly,” Zuckerberg added.

But despite these reservations, the sector continues to attract attention and investor interest, driven by the belief in its transformative potential across industries like cryptography, artificial intelligence, and drug discovery.

The hype has even led Cramer to describe quantum computing as a fertile ground for reinvestment, particularly in high-growth stocks like Rigetti.

“The stock went up like a rocket ship and closed at $8.95 on a massive gain, making it one of the best performing stocks in the market on Tuesday,” Cramer said.

“This is where you should be putting your gains from stocks like GME, not in super high-yield bonds or anything else. Put it in quantum computing,” he added.

Cramer also used the opportunity to criticize Super Micro Computer Inc. (NASDAQ:SMCI) over recent changes in its auditing processes, urging investors to sell the stock on CNBC.

“Sell. It doesn’t matter, I don’t care…Accounting irregularities equal sell,” Cramer said.

His decisive stance reflects the market's heightened sensitivity to corporate governance issues, especially in tech companies experiencing rapid growth.

As Rigetti and other quantum computing firms regain momentum, the sector remains a focal point for investors looking to capitalize on the next wave of technological innovation.

With Cramer's endorsement and renewed optimism in the market, quantum computing stocks are once again in the spotlight.