Jim Cramer Says “Maybe IBM is the Best Way to Invest in Quantum”

International Business Machines Corporation (NYSE:IBM) is one of the stocks on Jim Cramer’s radar recently. Cramer mentioned that he wishes the Charitable Trust owned the stock, as he commented:

“What I found most ironic was an actual real-life example of the power of IBM’s quantum computing product versus the other ones that we’ve been talking about. HSBC, a giant bank, uses IBM’s Heron quantum processor to improve its algorithmic bond trading.

It produced a 34% improvement in trade predictions. Ah, the irony of an old-line company beating the pants off its younger competitors. Although, by the way, I’d point out that many of these younger quantum plays aren’t that young. They’ve been around for a long time without coming up with something as practical as what IBM has already developed. Maybe IBM is the best way to invest in quantum, and it’s a mighty inexpensive stock. I spent a lot of time with IBM recently. I wish we owned it for the Charitable Trust, frankly. It looks that good.”

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International Business Machines Corporation (NYSE:IBM) delivers integrated solutions spanning software, consulting, infrastructure, and financing, with products in hybrid cloud, AI, servers, storage, and lifecycle services.

While we acknowledge the risk and potential of IBM 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 IBM 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.