D-Wave Quantum Inc. (NYSE:QBTS) has recently caught the attention of investors, particularly after it was mentioned by renowned financial analyst Jim Cramer. During a caller interaction on a recent episode, Cramer advised the individual holding shares in D-Wave on a strategic approach:
“I suggest you withdraw your initial investment so you can allow the remaining shares to remain invested. That’s the prudent move for a stock that has appreciated by 200%. Retrieve your cost basis, let the rest run, and you’ll never regret that decision. You can’t lose.”
Photo by Anton Maksimov juvnsky on Unsplash
D-Wave Quantum Inc. (NYSE:QBTS), a leader in the quantum computing space, specializes in offering a wide range of products including advanced quantum computing systems, robust software solutions, and cloud services. Their offerings include the cutting-edge Advantage platform, developer-friendly Ocean tools, and innovative Leap hybrid solver. During a discussion on September 25, Cramer commented on D-Wave’s current trajectory, which is promising yet cautious:
“D-Wave made a positive impression when they last appeared on the program. They reached a 52-week high today and have surged by 230% this year. However, it’s worth noting that it could take a substantial amount of time before their business truly flourishes. I cannot say for certain if they view the timeline any differently. Both D-Wave and IONQ are currently operating at a loss.”
Despite the potential for growth in D-Wave stock, some analysts believe that certain AI stocks present even greater opportunities with reduced downside risks. For those who are interested in discovering an undervalued AI stock poised to benefit from recent economic trends, including Trump-era tariffs and the onshoring movement, our complimentary report on the best short-term AI stock is available for you to explore.
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