International Business Machines Corporation (IBM) Is A Top Long Term Quantum Computing Stock, Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed.

International Business Machines Corporation (NYSE:IBM)’s shares have gained 9.7% year-to-date after they trimmed their gains in July after investors were disappointed by the firm’s software revenue. Despite the dip, Cramer is a believer in the firm as he holds the opinion that investors might have been a bit too hard on the firm. He also believes that International Business Machines Corporation (NYSE:IBM) enjoys a sizable lead in the quantum computing industry. During this episode, the firm crossed his mind as he wondered how long it might take for quantum computing’s commercialization:

“I think IBM may be very real and that stock has just taken a beating. So that’s what I’m focused on.”

Here are his previous comments about International Business Machines Corporation (NYSE:IBM) and quantum computing:

“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.”

While we acknowledge the potential of IBM 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.