This is Why IonQ and Other Quantum Computing Stocks Will Recover
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.
Although quantum computing stocks may appear as deep-value prospects, investors should carefully assess the underlying data.
Despite its less-than-stellar start, IonQ (IONQ -39.00%) stock ended 2024 on a high note: It closed 237% above its 2023 closing price, according to data from S&P Global Market Int ...
Wave fell sharply after Nvidia’s Jensen Huang said that “very simple quantum computers” could be 20 years away.
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