We recently published Jim Cramer’s 13 Quantum Computing & Nuclear Stock Predictions – See How They Played Out! Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.
Alphabet Inc. is one of Jim Cramer’s top quantum computing plays. The CNBC TV host prefers the firm due to its resources, which can allow it to scale up its quantum computing business. Alphabet Inc. made quite a splash in December 2024 when it announced that its Willow quantum computing chip was capable of beating the world’s fastest supercomputers. Here is what Cramer said about Alphabet Inc. and quantum computing in January:
“Alphabet has a facility dedicated to quantum computing. This is super fast computing using superconductors that require a specialized computer environment based in part on cryogenic technology. Sounds promising, the others burn too hot, right, the regular data centers. But it’s not a reason to buy Alphabet because it’s nothing that’s ready at scale. I like Alphabet, own it for the Charitable Trust, but that’s because we like their dominance in Search, progress in YouTube, and incredible strength of Google Cloud services, well ahead of what people think. Quantum computing is just a long-term project.”
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Cramer hasn’t changed his mind about Alphabet Inc.’s quantum computing prospects as the year has passed, as is clear through his latest comments:
“[When he wondered how many years away are we from scaled quantum and which stocks might be worth it] Well you know then the question is [inaudible] you really want to go after, it’s Google and it’s IBM.”
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This article is originally published at Insider Monkey.
