Jim Cramer Put These 14 Stocks Under the Microscope

12. IonQ, Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 28

A caller asked if IonQ, Inc. (NYSE:IONQ) stock’s current valuation makes sense given that the company has acquired government contracts. In response, Cramer said:

“Oh my god, it’s so high and it’s losing so much money, but it’s quantum. If I offer you a considered explanation of why I think that stock’s too expensive, most people ignore it, so all I’m going to say is it’s too speculative for me. I don’t know what else to say.”

IonQ (NYSE:IONQ) develops and sells access to quantum computers. Additionally, the company provides related hardware and cloud services, and works on technologies like quantum networking, detection systems, and algorithm development. In January, appearing on Squawk on the Street, Cramer commented:

“But frankly, I’m going to use the word chimerical, in the sense that these companies, none of these companies, have much in terms of revenue. Except for IONQ.”