9 Stocks on Jim Cramer’s Radar Recently

5. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 63

International Business Machines Corporation (NYSE:IBM) is one of the stocks on Jim Cramer’s radar recently. Cramer had some positive things to say about the company’s quantum computing solutions. The Mad Money host remarked:

“Now, I know that many of you can’t resist the quantum computing stocks even after they sold off hard over the past month. Maybe you like to lose money. I’m against that. I would steer clear of the speculative quantum plays because the profitable companies with the best quantum computing technology are actually Alphabet and IBM. You could do worse.”

International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products. Cramer mentioned the stock during the November 5 episode and said:

“Okay, first, I think there are only two quantums right now that are, that are actually real. One is IBM and the other is Google. There’s a lot of others. We’ve had D-Wave on… You know, actually, I’m not saying that they’re all jokes like Rigetti is a joke.. It’s not like that. I do feel that what’s happened is that there are a lot of speculative stocks about quantum that are 7, 8, 10 years away. IBM’s got something that’s going to work in the next year or two. It should impact all the power that, we won’t need nearly as much power with quantum. But as Jensen Huang told me multiple times, he’ll be in there too. You can’t run the quantum without the GPUs, so you can run them side by side. IBM is the inexpensive way. They do have eight machines that are currently working in quantum. That’s the way to play it. Nothing else right now, okay? Nothing else.”