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Quantum stocks, including IonQ (IONQ), have sunk sharply in recent days as a number of factors, including disappointment in Microsoft's (MSFT) quarterly results, have made the Street averse to high-risk stocks in general and high-risk tech names in particular.IONQ has a great deal of potential. But because the decline of high-risk tech names looks poised to continue in the short term and quantum computing is still in its early stages, I would not advise investors to buy IONQ stock at this point.Also making me cautious about IONQ is the fact that its valuation remains quite stratospheric despite the recent downturn of its shares.
