Here’s How D-Wave (QBTS)’s Shares Behaved After Jim Cramer S…

D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing hardware and software company that provides computers and software services. Its shares are up by 59% over the past year and are up by 86% since Cramer discussed them in January on Mad Money. A major reason behind the stock’s performance since the CNBC TV host’s remarks is a 44% dip in November’s first three weeks. Back then, D-Wave Quantum Inc. (NYSE:QBTS) stock tumbled by 6% after the firm’s third-quarter earnings report was released on November 6th. The period was a tough one for quantum computing stocks in general, with media reports suggesting that weak earnings and risk aversion for emerging new technologies played a role behind the bearishness. While D-Wave Quantum Inc. (NYSE:QBTS)’s stock is down since October, it had nevertheless surged by 319% by mid-October:

“I am wary of D-Wave Quantum, a $2.2 billion company with $9 million in revenues over the last 12 months and very big losses.”

Pixabay/Public domain

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While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Here’s How D-Wave (QBTS)’s Shares Behaved After Jim Cramer S…

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