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

All it took to derail a rally that had sent shares of pure-play quantum computing stocks soaring was a single comment from a tech CEO. When Nvidia's Jensen Huang suggested that a useful quantum computer was likely decades away,

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.

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,

Quantum computing stocks collapsed in the early part of January, thanks in part to comments from the CEO of Nvidia. The companies have promising technology, but it is still many years away from commercialization.

First, D-Wave Quantum CEO Alan Baratz said that Huang was “dead wrong.” He said that his company is “commercial today,” and its services are be