Jim Cramer on International Business Machines: "I Think They Have the Lead in Quantum"

International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer shed light on. A caller asked for Cramer’s thoughts on the company, and he remarked:

“Okay, I didn’t think IBM’s quarter… was all that bad at all. I think you have a major opportunity down here because I think that we’re going to start talking about IBM and quantum. I think they have the lead in quantum, and I think quantum really does matter. They have a great software package. They’re doing so many things that are good.

Against that, let me tell you what’s really going on. The chart’s bad, and people are saying it’s a head and shoulders. Now, you and I both know there comes a time when you have to step in if the fundamentals are right, and I think we’re there, okay.”

International Business Machines Corporation (NYSE:IBM) provides integrated solutions across software, consulting, infrastructure, and financing. The company offers hybrid cloud and AI platforms, technology services, and IT financing solutions.

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