We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks. Infleqtion, Inc. (NYSE:INFQ) is one of the stocks discussed by Jim Cramer.
Infleqtion, Inc. (NYSE:INFQ) is a quantum computing, sensing, and software products provider. It is one of the latest IPOs on the market as the shares started trading in February. Since February, the stock is up by 4.9%, and Cramer has discussed it on several occasions. For instance, in a Mad Money appearance on April 20th, the CNBC TV host remarked that Infleqtion, Inc. (NYSE:INFQ) was worth buying after the shares had tempered following their bump in the aftermath of NVIDIA’s GTC Conference. Then, on May 15th, he discussed the firm in detail following its first-quarter earnings. In this appearance, he was left impressed after talking with the firm’s CEO, Matthew Kinsella:
“I happen to think that these are, some degree other than IBM, science projects. But, I had Infleqtion on earlier this weekend, they tell a very good story. . .oh you have Matt? You’re going to like him, he’s a real straight shooter. It’s a business, he’s a commercial fella, I really like him.
“But after you speak to Matt, you’re going to say, maybe I ought to get out of this thing [crypto] by 2029. . .”
Pixabay / Public domain
Here is what Cramer said about Infleqtion, Inc. (NYSE:INFQ) on Mad Money on May 15th:
“For most of last year, the quantum computing stocks, they seemed invincible. Then last fall, they went out of style along with the other speculative plays that had thrived during the year of magical investing, as I called it. This technology is still in its infancy, but it could be a game-changer down the road. So I think it’s worth getting to know the major players in the space, including Infleqtion… which came public via a SPAC merger that closed back in February. Now, these guys have partnerships with a host of government agencies, from NASA to the Pentagon, and with major companies like L3Harris and Safran.
“Last night, Infleqtion reported its first quarter as a publicly traded company, racking up some, I felt, some solid revenue growth, even as the business is still a long, long way from turning a profit as I’m sure they will tell you. The stock got hammered in response, down 11% today. But I think that’s just more about the market’s appetite for risk than anything else on a given day.”
While we acknowledge the risk and potential of INFQ 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 INFQ and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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