Jim Cramer Wondered Whether Ralph Lauren (RL) Started Quantum Computing

We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks. Ralph Lauren Corporation (NYSE:RL) is one of the stocks discussed by Jim Cramer.

High-end apparel firm Ralph Lauren Corporation (NYSE:RL)’s shares are up by 34% over the past year and by 5.9% year-to-date. May has been a good month for the stock as it closed 13.9% higher on the 21st. The jump occurred after Ralph Lauren Corporation (NYSE:RL) reported its latest quarterly earnings. The results saw the firm’s $1.98 billion in revenue and $2.80 in earnings per share beat analyst estimates of $1.85 billion and $2.55. Earlier on March 24th, Citi had raised Ralph Lauren Corporation (NYSE:RL)’s share price target to $400 from $360 and bumped the rating from Neutral to Buy as it expected the firm to post a strong set of fourth quarter earnings. In this appearance, Cramer discussed Ralph Lauren Corporation (NYSE:RL) after the latest earnings:

“Did Ralph Lauren go into the quantum business? What is that?

“It doesn’t put you in space, it doesn’t make you so smart that you can lay off thousands of people. It just has nice clothes. Ralph Lauren. Stock is up 30 bucks, 9% on a monster good quarter. Patrice Louvet just hitting it on all cylinders. incredible, it is timeless. . .it’s just a good brand, and I know David is going to say, why are you mentioning a 21 billion dollar company? And the answer is that I bought that yesterday instead of buying NVIDIA, I would be making 30 points.”

Jim Cramer Wondered Whether Ralph Lauren (RL) Started Quantum Computing

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While we acknowledge the risk and potential of RL 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 RL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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