Jim Cramer Calls D-Wave "Pretty Interesting"

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer was focused on. Cramer noted that a few speculative stocks should be included in a portfolio and said:

“What [are] examples of what speculation means?… IONQ just signed a Memorandum of Understanding with the Department of Energy, an MoU with the DoE, to develop quantum technologies in space. When you see deals like this, they ignite D-Wave. We had them on, D-Wave Quantum, pretty interesting. Rigetti Computing, huge money losers, but… their stocks can really rally on any positive quantum news, and there’s plenty of news because theoretically, quantum computing is the fastest kind of computing. It’s specifically endorsed by Jensen Huang, the CEO of NVIDIA. Less than a year ago, he was very skeptical. Now he’s a believer. So is IBM.”

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and cloud services, including its Advantage computers, Ocean tools, and Leap platform. The company’s hybrid quantum solutions are applied in areas such as logistics, drug discovery, portfolio optimization, and industrial design.

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