As with any Discovery Stock, investors are looking to the price and the potential of the stock, not the fundamentals. As it stands now, IonQ has the benefit of round numbered support from the $30 price. Shares recently saw support at $40 on their ascent and then resistance at $50, displaying the effect of round-numbered prices.

Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

When it comes to stratospheric returns, few sectors outside of the cryptocurrency ecosystem can hold a candle to quantum computers. Just look at sector specialist IonQ (IONQ). At the beginning of the fourth quarter,

COLLEGE PARK, Md., January 10, 2025 -- ( BUSINESS WIRE )--The following is a statement from Peter Chapman, Chairman and CEO of IonQ (NYSE: IONQ): Today’s classical computing hardware is limited by computational capacity and power requirements in ways that will likely prohibit society from ever being able to solve some of its most pressing problems.