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Jim Cramer Says This Quantum Stock ‘Makes No Money,’ Prefers IBM — And Tells A Crypto Stock’s Investors:

Jim Cramer Says This Quantum Stock ‘Makes No Money,’ Prefers IBM — And Tells A Crypto Stock’s Investors:

By Avi Kapoor
Publication Date: 2026-06-09 12:23:00

According to recent news, Xanadu Quantum Technologies announced on May 21 a synthetic at-the-market equity facility for up to $300 million.

BP announced on May 26 that it had appointed Albert Manifold as chair and director with immediate effect.

On Friday, Morgan Stanley Wealth Management and Galaxy Digital announced a new referral capability. Under this arrangement, eligible clients can lend cryptocurrency directly to Galaxy. In return, they receive shares of spot crypto exchange-traded products (ETPs), including the Morgan Stanley Bitcoin Trust (MSBT).

Cramer said he can’t recommend Tractor Supply Co. (NASDAQ:TSCO) as the numbers are bad.

On June 5, Guggenheim analyst Steven Forbes maintained Tractor Supply at Buy and lowered the price target from $60 to $50.

Price Action:

  • Xanadu Quantum Technologies shares rose 1.3% to settle at $13.07 on Monday.
  • BP shares rose 1.8% to close at $43.72.
  • Galaxy Digital shares jumped 21.4% to close at $30.51 on Monday.
  • CBOE Global Markets…

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