International Business Machines (IBM): Quantum Computing Has Pushed It To All Time High, Says Jim Cramer

We recently published a list of Jim Cramer Discusses Quantum Computing Stocks Among These 12 Stocks. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against other stocks that Jim Cramer discusses.

International Business Machines Corporation (NYSE:IBM) is one of the largest enterprise computing firms in the world. It is also one of the oldest technology companies in the industry. International Business Machines Corporation (NYSE:IBM)’s scale and experience enable it to target some of the most important and fastest-growing sectors of the technology industry. Two such sectors are semiconductor fabrication and quantum computing. International Business Machines Corporation (NYSE:IBM)’s partnership with Samsung led to the latter developing its cutting-edge gate-all-around field-effect-transistor (GAAFET) 2-nanometer chip manufacturing process. In quantum computing, International Business Machines Corporation (NYSE:IBM) made a key announcement recently when it revealed that it was on track to build the world’s first large-scale fault-tolerant quantum computer. Here’s what Cramer had to say about the potential historic announcement:

“And IBM does have quantum, and that’s one of the reasons that why IBM is at an all time high!”

A closeup of a woman's hands typing rapidly on a laptop in a corporate office setting.

International Business Machines Corporation (NYSE:IBM) is one of Jim Cramer’s favorite stocks, and in his recent remarks he commented about the firm’s exposure to currency fluctuations:

“So remember most of these companies are like wow, bring it down, IBM, people were saying maybe IBM’s making too much money from a weak dollar. I happen to like IBM, for the record, but, the companies themselves are very pro weak dollar. So when you speak to them offline, they love it.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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