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

We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where IonQ, Inc. (NYSE:IONQ) stands against the other quantum computing stocks.

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

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."

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.

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 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.

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,