Jim Cramer Says D-Wave Quantum CEO “Dr. Baratz is Very Good”

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer shed light on. Answering a caller’s query about the stock, Cramer said:

“Alright, I see QBTS. Now, they do report this week… I think that Dr. Baratz is very good. But this IBM is doing some amazing things in quantum, and I think the Trump people have been talking to them about the urgency of being ahead of the Chinese in quantum, and it’s going to be IBM that leads the way.”

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and cloud services that combine quantum and classical computing for complex problem-solving. During the October 24 episode, while analyzing stock portfolios of callers, Cramer commented on the stock and said:

“… As I said, I don’t mind having a spec among my five. Let D-Wave do it. People want to go quantum. We’ve studied all these. That’s the best of the quantums. That doesn’t mean I think we should embrace quantum because the two real quantum kings are IBM and Google. But I think that Will has every right to put, to maybe get a little extra something that could change his life. That’s what we’re about here. Apple, you know, I think it’s going to be terrific. Palantir, is it the same? No, software, hardware.

Gallagher, I don’t mind the insurance business, but I’m a Chubb guy. I think Chubb’s going to $300. And Agnico Eagle, when they report next week, I think they’re going to be much, much better than Newmont. They have much lower finding costs. I got a gold company, I got a spec, I got a great tech. I’ve got software, cybersecurity. I have insurance. I think Will’s portfolio is excellent, and he doubts himself, but I don’t doubt him.”

While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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