Jim Cramer Says "Maybe IBM is the Best Way to Invest in Quantum"

International Business Machines Corporation (NYSE:IBM) is one of the stocks on Jim Cramer’s radar recently. Cramer mentioned that he wishes the Charitable Trust owned the stock, as he commented:

“What I found most ironic was an actual real-life example of the power of IBM’s quantum computing product versus the other ones that we’ve been talking about. HSBC, a giant bank, uses IBM’s Heron quantum processor to improve its algorithmic bond trading.

It produced a 34% improvement in trade predictions. Ah, the irony of an old-line company beating the pants off its younger competitors. Although, by the way, I’d point out that many of these younger quantum plays aren’t that young. They’ve been around for a long time without coming up with something as practical as what IBM has already developed. Maybe IBM is the best way to invest in quantum, and it’s a mighty inexpensive stock. I spent a lot of time with IBM recently. I wish we owned it for the Charitable Trust, frankly. It looks that good.”

International Business Machines Corporation (NYSE:IBM) delivers integrated solutions spanning software, consulting, infrastructure, and financing, with products in hybrid cloud, AI, servers, storage, and lifecycle services.

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