Toward the end of 2024, shares of quantum computing stocks such as IonQ, D-Wave Quantum, Quantum Computing, and Rigetti Computing all experienced significant run-ups. Curiously, each of these companies was a penny stock at the beginning of 2024 -- only to see its valuation soar well into the billions during a rather short time period.

Trapped-ion quantum computing leader IonQ (NYSE: IONQ) is emerging as a potential leader in the commercialization of quantum computing through its trapped-ion technology approach. Unlike traditional superconducting quantum competitors,

Rigetti Computing and D-Wave Quantum, the second- and fourth-biggest gainers in the Russell 3000 Index on Tuesday, were up 14% and 16%, respectively. Peers Quantum Computing and I

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.

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.

The stocks were slammed last week, when Nvidia’s CEO said it would take decades for the technology to become “very useful.”

Comments from Nvidia's CEO about the quantum computing timeline spooked investors earlier this month -- and quantum computing stocks tumbled. But certain catalysts could lift these players in the near and long term.

Quantum computing has suddenly become a buzzword on Wall Street. Ever since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported that it hit a new milestone with Willow, its new quantum chip, quantum stocks have been soaring.