International Business Machines Corporation (IBM) Is A Top Long Term Quantum Computing Stock, Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed.

International Business Machines Corporation (NYSE:IBM)’s shares have gained 9.7% year-to-date after they trimmed their gains in July after investors were disappointed by the firm’s software revenue. Despite the dip, Cramer is a believer in the firm as he holds the opinion that investors might have been a bit too hard on the firm. He also believes that International Business Machines Corporation (NYSE:IBM) enjoys a sizable lead in the quantum computing industry. During this episode, the firm crossed his mind as he wondered how long it might take for quantum computing’s commercialization:

“I think IBM may be very real and that stock has just taken a beating. So that’s what I’m focused on.”

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

Here are his previous comments about International Business Machines Corporation (NYSE:IBM) and quantum computing:

“Call me a believer, in quantum. And I think it’s catching up and doing something. Also by the way, IBM and Google are doing well.

“But I’ve got to tell you, quantum, I cannot believe that I’m a believer, but I am a believer.”

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Disclosure: None. This article is originally published at Insider Monkey.