Shares of quantum computing company IonQ (NYSE: IONQ) raced higher this week. Many quantum computing stocks took off last year as investors hoped to get ahead of the crowd in what could be a transformational technology and stock sector.

IonQ (IONQ) stock has slumped along with other names in the quantum computing sector following comments made by Nvidia (NVDA) CEO Jensen Huang

Quantum computing stocks just got hit with another setback. On Jan. 10, Meta Platforms (META) CEO Mark Zuckerberg cast doubt on the technology’s near-term potential, echoing recent skepticism from Nvidia (NVDA) chief Jensen Huang and driving share prices lower.

IonQ (NYSE: IONQ) has established itself as a leader in quantum computing, a cutting-edge technology poised to transform machine learning and artificial intelligence (AI). Recent breakthroughs are beginning to address an expanding scope of real-world commercial applications.

IonQ announced a partnership with the University of Maryland and the State of Maryland to establish the region as the "Capital of Quantum."

Sky-high P/S multiples overshadow IonQ's quantum promise, limiting near-term ROI despite minimal debt and robust cash. Read why IONQ stock is a Sell.

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

In a highly speculative quantum computing market, it is judicious for investors to take a wait-and-watch approach before investing in Rigetti and IonQ stocks.

IonQ (NASDAQ:IONQ) is arguably the leading stock in the quantum computing space. Prior to today, its stock was up nearly 500% over the last three months as it works to push quantum physics into computing to make massive,

IonQ stock is losing ground today due to news that the U.S. will implement more restrictive export limitations on artificial intelligence ( AI) chips. The company's share price is also falling in conjunction with recent comments from Meta Platforms CEO Mark Zuckerberg. But there is a bright spot for investors.

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.