Jim Cramer Discusses Quantum Computing Stocks Among These 12 Stocks

5. D-Wave Quantum Inc. (NYSE:QBTS)

Number of Hedge Fund Holders in Q1 2025: 13

D-Wave Quantum Inc. (NYSE:QBTS) is a technology company that builds and sells quantum computers. Its shares are up by a massive 66% year-to-date despite having tumbled by 62% in January after NVIDIA CEO Jensen Huang’s comments about quantum computing being a nascent technology. Yet D-Wave Quantum Inc. (NYSE:QBTS)’s shares soared by 22% in May after the firm announced that the next-generation quantum computing system Advantage2 was available for sale. The surge followed a massive 51% share price jump earlier in May after D-Wave Quantum Inc. (NYSE:QBTS)’s first quarter earnings report saw the firm report 507% revenue growth. Cramer’s comments revolved around NVIDIA CEO’s recent remarks about quantum computing:

“There are four quantum stocks that we have to follow. Some of my people that I work with were very, I think that they were, probably concerned that I went out and said, look we ought to be looking at . . .we ought to be looking at, you know the ones that people talk about. But they’re gonna fly!”

But you’re seeing, I mean I did a piece last night, that basically said, okay, here we go.. . . D-Wave Quantum. . .quantum computing, go get em. And David, look at that. I’m not saying I am a sage. I am saying that Jensen is giving a green light to a lot of companies that may mean absolutely nothing but they have quantum in their name.

Cramer also commented on D-Wave Quantum Inc. (NYSE:QBTS) back in February. Here’s what he said:

“Now I know there are real people who work at Rigetti or D-Wave…. They, they, they probably, they go to work, they, they talk with, about qubits and developing quantum materials that have never been ever seen before… Very compelling stuff but it doesn’t tell you much about the earnings power, which is what I care about.”