Jim Cramer Positive on Companies Like IonQ but "Only if You Think Very, Very Long-Term"

IonQ, Inc. (NYSE:IONQ) is one of the stocks Jim Cramer recently commented on. Cramer mentioned that he talked with the management and liked what he saw. He commented:

“Alright, let’s think about quantum computing, which is rife with money losers that could end up being terrific, but right now they don’t have much going for them other than hope. That includes IONQ, which we had on the other day. Boy, I liked what I saw, I really did, but only if you think very, very long-term. Stock’s up 77% for the year. I think that’s aggressive… Both IONQ and D-Wave are losing fortunes.”

IonQ, Inc. (NYSE:IONQ) develops quantum computers and networks, providing access through major cloud platforms and its own service. During a May episode, Cramer said that it was “too speculative” for him, as he remarked:

“Oh my god, it’s so high and it’s losing so much money, but it’s quantum. If I offer you a considered explanation of why I think that stock’s too expensive, most people ignore it, so all I’m going to say is it’s too speculative for me. I don’t know what else to say.”

While we acknowledge the potential of IONQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.