Own International Business Machines (IBM) if You Want to Own Quantum, Says Jim Cramer

We recently published 11 Stocks on Jim Cramer’s Radar. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed.

International Business Machines Corporation (NYSE:IBM) is a major player in the enterprise computing industry. For Cramer, the firm’s quantum computing division is particularly important. He has repeatedly asserted that International Business Machines Corporation (NYSE:IBM) is a top pick for those wishing to invest in quantum computing. In his recent episode of Mad Money filmed at the Harvard Business School, the CNBC TV host commented that he believes International Business Machines Corporation (NYSE:IBM)’s “got something that’s going to work in the next year or two.” He reiterated faith in quantum computing in this appearance as well:

“I’ve been saying that you gotta own IBM if you want to own quantum. It’s not expensive. Arvind Krishna, walked, the CEO, walked me through their quantum, it’s commercial. D-Wave is the only speculative one that I could actually count in this, but I even pressed Dr. Baratz and he said, listen, IBM’s got it.

“Arvind Krishna called me up basically he said listen I want to show you this. And it was very convincing. And by the way, he’s not a year of magical investing guy. He’s a serious, I mean do I like it that it’s called a loon? No because my ex-wife called me a loon.”

While we acknowledge the potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.