Jim Cramer Discusses D-Wave and Prefers IBM

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks on Jim Cramer’s radar. Answering a caller’s query about the company during the lightning round, Cramer stated:

“I have to tell you, we liked them very much when they were on. But you know what we really liked? We liked the quantum story that Arvind Krishna had to say when we were up at IBM. And that stock, by the way, is very inexpensive… I think IBM gives you a lot more than just quantum.”

Photo by Anton Maksimov juvnsky on Unsplash

D-Wave Quantum Inc. (NYSE:QBTS) provides quantum computing systems, cloud services, and developer tools, including its Advantage platforms, Ocean software suite, and Leap hybrid solvers. Cramer mentioned the company in an August episode and said:

“Or take D-Wave Quantum. I think quantum computing could be a huge way to disrupt almost everything someday, a faster way to do high-performance computing for certain. Rational, assuming you’re betting on this technology for the long haul, but is anyone really doing that? When I listen to what D-Wave wants to do when they came on our show, which is pretty much everything, and how it’s gotten the money to do so, largely by selling… stock to the memesters who bid it up, I say irrational, frothy.”

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