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Jim Cramer compares quantum stocks to 2021 GameStop mania amid volatile rally


Published on 2025-01-13 14:01:08 - MSN
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  • Quantum stocks experienced an explosive rally in the weeks following Google's announcement of a new quantum computing chip it's calling "Willow" on December 9. But then came Nvidia's Jensen Huang with a comment that sent quantum stocks crashing to the ground last week.

Jim Cramer, host of CNBC's "Mad Money," has likened the recent surge in quantum computing stocks to the meme stock frenzy of 2021, particularly referencing the GameStop phenomenon. He highlighted the volatile rally in stocks like IonQ, Rigetti Computing, and D-Wave Quantum, which saw significant spikes in their stock prices. Cramer pointed out that these stocks, often associated with the broader AI and quantum computing sectors, are experiencing speculative trading similar to what was seen with GameStop, driven by retail investors and social media buzz rather than fundamental business developments. He cautioned investors about the risks involved, noting that while the technology holds promise, the current market behavior is more akin to a speculative bubble than a reflection of the companies' intrinsic value or technological advancements.

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