
In December 2024, Alphabet (NASDAQ: GOOG), Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS). Now, Microsoft (NASDAQ: MSFT) is following Google’s lead.
On Feb. 19, the tech giant revealed its latest quantum chip, Majorana 1. Some are dubbing this new chip a breakthrough in quantum technology.