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.

AI should serve as a key tailwind for all the Magnificent Seven stocks. Some of them could be winners in quantum computing as well, notably including Amazon, Microsoft, and Nvidia. Amazon, Nvidia, and Tesla are focusing on the robotaxi market in different ways.

Huang’s comments “offer a realistic perspective rather than diminishing the immense potential of quantum computing,” said Tigay. Quantum computers harness quantum mechanics

Investors and traders will take their cue from the round numbers. The stock is likely to break back below $10 followed by a decline to $7.50 and then possibly $5. Each of these price levels will see investors and traders step in to “Buy the Dip” on the way down.

While artificial intelligence (AI) dominated the tech narrative in 2024, quantum computing has steadily gained investor attention, with tech giants like Microsoft (MSFT) and Alphabet (GOOGL) strategically investing in quantum hardware,

Also, in late November 2024, The Senate advanced the Department of Energy (DOE) Quantum Leadership Act of 2024, proposing $2.5 billion over 5 years to fuel US quantum R&D. Notably, the bipartisan bill emphasizes quantum networking, domestic manufacturing, and public-private partnerships to ramp up quantum innovation.

Quantum stocks started falling during afternoon trading on Friday, despite an uptick earlier in the day. Quantum Computing (NASDAQ:QUBT) shares were down 7%, Rigetti (NASDAQ:RGTI) -4.5%, Aqrqit Quantum (NASDAQ:ARQQ) -9% and D-Wave Quantum (NYSE:QBTS) -1%.