Shares of Rigetti Computing (RGTI) fell 5.46% in the pre-market session on Thursday, January 23rd, reflecting investor concerns over the company's prospects in the quantum computing space. The decline followed comments from CNBC's Jim Cramer, who expressed skepticism about the hype surrounding quantum computing stocks like RGTI.

While Rigetti Computing has seen a significant surge in its stock price in recent months, with shares up over 1,400% in 2024, Cramer cautioned investors against getting caught up in the hype. "Rigetti, RGTI, is a quantum company that was less than a dollar two months ago," he stated. "They tried to gun it up, uh early morning, between four and five, they took it up higher and now they are wearing it."

Cramer's remarks highlight the growing concerns among analysts and investors about the viability of quantum computing technology and its potential impact on the market. Despite the optimism surrounding the field, many remain skeptical about the ability of companies like Rigetti Computing to deliver on their promises in the near future.