Jim Cramer - Mad Money IonQ, Inc. IONQ-N DON'T BUY Dec 18, 2024

They're losing money.

All tech stocks are in freefall--and these are companies doing well, and this isn't one of them. This is losing money.

It's been parabolic, so too risky. You could get killed.

Quantum computing now is in a classic hype cycle. Don't take any options. Take some profits. There's a lot of volatility in this space; these companies are not profitable. But in a few years, you will wish you had got in on the ground floor.

Nvidia CEO, Jensen Huang, said that quantum computing has a long way to go, which crushed quantum computing stocks today. This sector got overheated. These stocks have even more downside ahead. They're losing tons of money and have zero or very little revenue. Frothy and excessive. It's not too late to sell.

She bought it around $12-15. She trimmed her holding because it's highly volatile, though huge upside is possible. Likes it overall.

Has trimmed it twice, now a small position. Very volatile. Nvidia will have a quantum day next week, so watch or that. IONQ is one of the leaders in quantum computing. Still likes it.