Jim Cramer - Mad Money IonQ, Inc. IONQ-N BUY Sep 22, 2025

Low revenues, losing a lot of money.

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.

Not profitable, so don't put more than 2% in. Uses trapped ion technology, which uses ions suspended in electronic fields as qubits. No dividend.

Very difficult to place price targets, as it's so small. He added more at the beginning of this week. For it to be commercially viable and scalable is the better part of 3 years down the road. He'd never have more than a 1.5-2% position.