Jim Cramer on D-Wave: "Take Out Your Cost Basis"

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer shared his take on. A caller asked what Cramer thinks they should do with their position, and he replied:

“Okay, I want you to take out your cost basis so you can let the rest run. That’s what you have to do with a stock that’s up 200%. Take out cost basis, rest run, and then you will never regret it. Can’t lose.”

D-Wave Quantum Inc. (NYSE:QBTS) provides quantum computing systems, software, and cloud services, including its Advantage platforms, Ocean developer tools, and Leap hybrid solver. During the September 25 episode, Cramer highlighted that it could take a while before the company’s business takes off. He remarked:

“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.”

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