Quantum Computing (NASDAQ:QUBT) has been one of the best quantum computing stocks to buy with shares soaring 2,620% over the past three months. The promise of the nascent computer technology went stratospheric after Alphabet's (NASDAQ:GOOG)(NASDAQ:GOOGL) Google suggested it was much further along on its path toward real-world applications than

Investors and traders will take their cue from the round numbers. The stock is likely to break back below $10 followed by a decline to $7.50 and then possibly $5. Each of these price levels will see investors and traders step in to “Buy the Dip” on the way down.

Quantum Computing prepares for full foundry services launch in Q1 2025, with an international order shipped to Asia in December 2024. Quantum Computing has received its third and fourth purchase orders for its thin-film lithium niobate (TFLN) photonic chip foundry, a component of its Foundry Pilot Launch Program.

The carnage in quantum computing stocks Wednesday saw shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing (NASDAQ:QUBT), and IonQ (NASDAQ:IONQ) plunge 40% or more. Comments made by Nvidia (NASDAQ:NVDA) CEO Jensen Huang that the sector won't see viability for another two decades gutted these former high-flying stocks.

Key Takeaways A number of stocks in the quantum computing industry sank Wednesday after Nvidia CEO Jensen Huang said the technology is likely still years away.Stocks of Rigetti Computing, Quantum Computing,