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Microsoft (MSFT) released its most ambitious tech to date called Majorana 1. It is a quantum chip built on a new state of matter called a topoconductor, or a topological superconductor, which uses Majorana fermions. Microsoft says that this new state of matter allows it to create a small, fast qubit that it can digitally control. This should lead to Microsoft and other companies being able to fit a million qubits on a single chip that is small enough to fit in a palm.
Quantum computing stocks surged momentarily on the news, but those stocks have come down since then. Microsoft stock has also struggled. The stock is down 8.8% in the past month and 1.3% over the past year. Should you buy it despite the weakness? Let’s take a look at the fundamentals here first.