/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg)
Amid all of the euphoria surrounding artificial intelligence (AI), quantum computing has stayed largely out of the spotlight this year - despite ambitious forecasts for the market size to surge from $1.2 billion in 2024 to $12.6 billion by 2032. In the same vein, this report by consulting giant McKinsey forecasts that sectors like chemicals, life sciences, finance, and mobility could witness gains of up to $2 trillion by 2035 due to quantum computing advances.
However, a recent major development in the industry - the launch of tech giant Google's (GOOGL) new quantum computing chip, Willow - suddenly has Wall Street buzzing about the bullish prospects for quantum computing stocks.