Jim Cramer Says Yes to D-Wave Quantum, But as a Spec

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks on Jim Cramer’s radar recently. With Apple, Palantir, Arthur J. Gallagher, Agnico Eagle Mines, and D-Wave Quantum as their top five holdings, a caller sought Cramer’s opinion on the diversification of their portfolio. He replied:

“… As I said, I don’t mind having a spec among my five. Let D-Wave do it. People want to go quantum. We’ve studied all these. That’s the best of the quantums. That doesn’t mean I think we should embrace quantum because the two real quantum kings are IBM and Google. But I think that Will has every right to put, to maybe get a little extra something that could change his life. That’s what we’re about here. Apple, you know, I think it’s going to be terrific. Palantir, is it the same? No, software, hardware.

Gallagher, I don’t mind the insurance business, but I’m a Chubb guy. I think Chubb’s going to $300. And Agnico Eagle, when they report next week, I think they’re going to be much, much better than Newmont. They have much lower finding costs. I got a gold company, I got a spec, I got a great tech. I’ve got software, cybersecurity. I have insurance. I think Will’s portfolio is excellent, and he doubts himself, but I don’t doubt him.”

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and cloud services for businesses.

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