Quantum computing stock rises as Microsoft’s new chips strengthen the debate over technology

Quantum Computing Stocks made its way forward on Thursday after Microsoft launched a new chip that showed that technology wasn’t “decades away,” as stated by the top boss of AI Chip Bellwether Nvidia.

Microsoft announced its Majorana 1 chip on Wednesday, saying it is more error-prone than its rivals, and it is providing evidence for scientific papers published in the academic journal Nature.

Quantum computing has the promise that today’s systems will perform calculations that take millions of years. If successful, technology can also disrupt today’s cybersecurity systems.

IONQ stock increased 2.1%, Rigetti Computing increased 6.9% and D-Wave Quantum Advanced 11.1%, while smaller Peers Quantum Corp stock added 2.6% and quantum computing rose 4.5% .

Microsoft’s shares rose 0.5%, while Nvidia rose 0.3%.

When Quantum Computers arrived, it became a topic of discussion in Upper Echelon in the technology industry. Microsoft, along with the Alphabet and IBM, is in a growing camp of companies that believe the practical use of the technology is closer than previously imagined.

Quantum Computing Stocks hit early January when Nvidia CEO Jensen Huang said the technology has been 20 years since overtaking chips for his company, the main AI company.

The stock recorded monthly losses in January, closing a year-long rally, surpassing the tech-centric Nasdaq, as well as Nvidia and Microsoft.

They have lost 18% to 70% so far this year, compared to at least triple last year.

(Reporting by Johann M. Chelian of Bengaluru, edited by Arun Koyur)