Cramer Loves IBM Quantum AMD Breakthrough
Hello! Today, I've brought this exciting topic to you straight from the world of high finance and cutting-edge technology! We're diving into what Jim Cramer, the renowned CNBC host, has to say about International Business Machines Corporation (NYSE:IBM) and its surprising moves in the quantum computing arena. If you're invested in tech, curious about the future of computing, or just follow Cramer's insights, you won't want to miss this!
Jim Cramer has been a consistent advocate for International Business Machines Corporation (NYSE:IBM) in the quantum computing space. With the growing momentum in quantum computing stocks, like Rigetti, it's no surprise that this sector is frequently on his radar. Cramer firmly believes that IBM is one of the best-positioned companies to capitalize on the quantum revolution. He's not just talking about theoretical research; he sees IBM as a frontrunner with tangible progress. This long-standing conviction makes his recent comments even more noteworthy.
The latest buzz around IBM comes from a significant announcement: the company successfully ran a quantum computing algorithm on AMD's chips. This might sound like a technical detail, but it's actually a huge deal! Why? Because AMD does not design specialty quantum computing processors. Their chips are generally designed for classical computing tasks. For IBM to achieve this demonstrates a remarkable level of adaptability and potential for quantum computing to integrate with existing hardware infrastructures. It hints at a future where quantum capabilities might not require entirely bespoke, exotic hardware for every application.
Cramer was quite emphatic about the importance of this development, stating:
“Yeah, why didn’t anyone talk about that. We’re so busy talking about the traditionals, these small guys and how much they’ll get from Lutnick, and I thought that was so significant, it’s one of the reasons I told people to buy IBM. That’s commercial, they have a commercial quantum program. The only other one that really is commercial is Alphabet.”
What Cramer highlights here is the "commercial" aspect of IBM's quantum program. This isn't just academic research; it's about practical, real-world applications and integration. By successfully running quantum algorithms on non-specialized chips like AMD's, IBM is demonstrating that its quantum solutions are becoming more accessible and potentially more scalable for commercial use. The comparison to Alphabet (Google) further solidifies IBM's position as one of the few players truly pushing for commercial viability in this nascent, yet incredibly promising, field.
Q1. Why is IBM's achievement of running quantum algorithms on AMD chips considered significant?
A. It's significant because AMD chips are not specifically designed for quantum computing. This demonstrates IBM's ability to make quantum algorithms compatible with more conventional hardware, suggesting broader applicability and potential for commercial integration beyond highly specialized quantum processors.
Q2. According to Jim Cramer, which other company, besides IBM, has a "commercial quantum program"?
A. Jim Cramer mentioned Alphabet (Google) as the only other company he considers to have a truly "commercial quantum program" at this stage.
Jim Cramer's enthusiasm for International Business Machines Corporation (NYSE:IBM) in the quantum computing space appears well-founded, especially in light of their recent success with AMD chips. This move underscores IBM's commitment to developing a truly "commercial quantum program," making quantum computing less of a distant dream and more of a practical reality. As the quantum computing landscape continues to evolve, IBM's ability to innovate and integrate with existing technologies positions it as a key player to watch. Keep an eye on this sector – the future of computing is unfolding right before our eyes!