Jim Cramer on D-Wave: "It Could Be Ages Before the Business Starts to Take Off"

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer recently commented on. Cramer acknowledged it would take time before the company “starts to take off,” as he said:

“There’s D-Wave, which impressed me when they were on too. It hit a 52-week high today, but it’s up 230% for the year. But again, it could be ages before the business starts to take off. I don’t even know if they disagree with that. Both IONQ and D-Wave are losing fortunes.”

D-Wave Quantum Inc. (NYSE:QBTS) provides quantum computing systems, software, and cloud services, including the Advantage line of computers, Ocean developer tools, and the Leap platform with hybrid solvers. During the September 18 episode, Cramer mentioned the company and stated:

“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.”

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