Jim Cramer recently discussed International Business Machines Corporation (NYSE:IBM), praising its lead in quantum computing. Despite losing 15.9% in the past month, IBM’s shares have gained 8.9% year-to-date. Cramer believes investors are being too harsh on the firm, stating, “IBM is down too much.” The firm’s second quarter earnings saw software revenue miss analyst estimates.

Cramer sees potential in IBM, particularly in quantum computing. He believes IBM has a lead in the field and offers a great software package. While IBM is a solid investment, other AI stocks may offer higher returns with limited downside risk. A free report on the best short-term AI stock is available for those interested.

For more insights on potential stocks, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey’s website. No disclosures were made in the article.

Read more at Yahoo Finance: International Business Machines Corporation (IBM) “Is Down Too Much,” Says Jim Cramer