Jim Cramer Recently Shared Insights on These 18 Stocks

8. IonQ, Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 28

IonQ, Inc. (NYSE:IONQ) is one of the 18 stocks Jim Cramer recently shared insights on. During the episode, Cramer mentioned the company with other quantum computing stocks, and here is what he said:

“Finally, we’ve got the ones that I find as most controversial, quantum computer plays. These stocks are insanely popular among young people, trading tens of millions of shares today. IONQ, D-Wave Quantum, Rigetti Computing, Quantum Computing, they’re incredibly popular. IONQ traded 30 million shares today, D-Wave Quantum traded 60 million shares today, Rigetti 61 million shares, Quantum Computing, 65 million shares. That is insane. Not the volume, but the fact that there’s so much demand for these stocks, yet most of the media and the financial industry pretend they don’t exist.

I don’t want to do that anymore. Of course, there’s very little known about them and little analyst coverage. You have to do an immense amount of homework to figure them out. And after all that work, you might just discover it’s meaningless because quantum computing, like nuclear power, is years away. But you know what? It’s worth the effort. It’s worth my effort. There are so many of these companies and so much opportunity for the one or two that actually make it. “

IonQ (NYSE:IONQ) builds quantum computing systems and provides access to them through major cloud platforms and its own services. The company also develops quantum-safe networking solutions, specialized hardware, and offers support and consulting for quantum algorithm development.