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Quantum computing could be the next big thing in tech after artificial intelligence (AI). However, it will take many years before the market really takes shape and practical uses for quantum computing develop.
The stock prices of quantum computing companies are surging in premarket trading this morning after Microsoft unveiled a new type of quantum computing chip yesterday, the Majorana 1. Here's what you need to know about Microsoft's breakthrough and its impact on the stock prices of quantum computing companies.
CNBC's Kate Rooney reports on news regarding quantum computing.
Quantum computing stocks rose in premarket trading on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia.
IonQ (IONQ 0.59%) made its way onto many investors' radars due to its dominance in the quantum computing field. While this industry is still in its infancy, many investors are excited about it due to the massive increase in computing power it would produce.
Over the last few months, small-cap stocks such as Rigetti Computing, D-Wave Quantum, and IonQ have burst onto the scene in the realm of artificial intelligence (AI). Each claims to be making groundbreaking progress in a hot new field known as quantum computing.
Microsoft Corp (NASDAQ:MSFT) overnight unveiled its new Majorana 1 chip which it claims will dramatically accelerate the timeline for building practical quantum computers. The tech giant says the breakthrough could help solve complex, real-world problems within years rather than decades.
Following the stock market's record-breaking 2024, during which the S&P 500 index returned a spectacular 23%, there's optimism among investors for the bull market to deliver further gains in 2025.
D-Wave Quantum (QBTS 15.23%) stock is surging higher Wednesday. The company's share price was up 13.6% as of 2:30 p.m.
Quantum computing is quickly becoming a popular investing theme. I don't blame people for wanting to get in on the ground floor of a promising tech trend, but many of the real-world uses of quantum computers are likely years away.
Quantum computing is an emerging investing trend that attracts many people. The processing power that quantum computers unlock is unheard of in today's classical computing society, even though we're training advanced AI models in a relatively short amount of time.