D-Wave Quantum Inc. (QBTS): "I'm A Believer" In Quantum, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Recently Talked About As He Said I’m A Quantum Computing “Believer”. D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer recently discussed.

D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing hardware and software company. Its shares have gained a strong 82% year-to-date as investors continue to be bullish about quantum computing’s prospects. One major jump for D-Wave Quantum Inc. (NYSE:QBTS)’s shares came in May after the firm announced that its latest quantum computing system was available for sale. The shares also benefited from a strong first-quarter earnings report, which saw the firm’s revenue jump by a whopping 507% annually. While he has previously cited skepticism about quantum computing, recently, Cramer has changed his mind. Here are his fresh thoughts about D-Wave Quantum Inc. (NYSE:QBTS):

“Well I have D-Wave. I’m doing a quantum bonanza. Call me a believer, in quantum. And I think it’s catching up and doing something. Also by the way, IBM and Google are doing well.

“But I’ve got to tell you, quantum, I cannot believe that I’m a believer, but I am a believer.”

Previously, Cramer advised viewers to consider owning D-Wave Quantum Inc. (NYSE:QBTS):

“I want you to own this D-Wave. Here’s why I want D-Wave because one headline, one little story, and that stock goes up 10 points. I mean, I’m looking at stuff that is going up 10 points on nothing, and D-Wave has the ability to be able to do that because it’s actually a real company.”

While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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