Jim Cramer Calls Recent D-Wave's Moves "Irrational, Frothy"

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks to watch as Jim Cramer looked at market rationality. Cramer said that betting on quantum computing is rational if you are betting for the long term, as he stated:

“Or take D-Wave Quantum. I think quantum computing could be a huge way to disrupt almost everything someday, a faster way to do high-performance computing for certain. Rational, assuming you’re betting on this technology for the long haul, but is anyone really doing that? When I listen to what D-Wave wants to do when they came on our show, which is pretty much everything, and how it’s gotten the money to do so, largely by selling… stock to the memesters who bid it up, I say irrational, frothy.”

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, cloud services, and software tools designed for real-time access and hybrid problem solving. The company’s technology is applied to areas such as logistics, scheduling, drug discovery, portfolio optimization, and industrial design.

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