International Business Machines Corporation (IBM)’s Quantum Computing Could “Reinvent Finance,” Says Jim Cramer

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed.

While Cramer did express worries about quantum computing in this episode, he still believes that International Business Machines Corporation (NYSE:IBM) is a strong player in the industry. The CNBC TV host has recommended buying its shares to invest in quantum computing several times this year. This time, he discussed HSBC announcing that it had conducted a trial run of quantum-enabled algorithmic trading with International Business Machines Corporation (NYSE:IBM):

“I’ve met with Arvind Krishna and he said look, you want real quantum? We have real quantum. He also, by the way, said that Honeywell Quantinuum, that that’s real. Google we know is real. And then there’s all these companies that are development-stage companies. That may be development-stage companies for a very long time. And that’s IONQ, that’s D-Wave. Because they’ll tell you listen, we’re working very hard, but we’re nowhere near, they’re working hard. IBM actually has something right now that is pretty positive. IBM, David. It could reinvent finance.”

HSBC’s announcement with International Business Machines Corporation (NYSE:IBM) covered algorithmic trading in the bond market. The bank shared that it had used quantum and classical computing to demonstrate a 34% improvement in predicting if a trade would fill at a quoted price.

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