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).

Microsoft shocked the tech world by announcing its Majorana 1 quantum chip on Feb. 19, marking a transformative leap of innovation in the rapidly evolving field. Quantum computers are intended to solve highly complex calculations in areas such as machine learning,

The processor uses qubits that can be measured without error and are resistant to outside interference, which the company says marks a “transformative leap toward practical quantum computing.”

There isn't yet a roadmap to show Microsoft can scale its chip to the million topological qubits required to make a working quantum computer.

Microsoft’s Majorana 1 just changed the quantum game. Could this breakthrough bring us closer to singularity faster than we thought?

Microsoft has outlined its research in a peer-reviewed paper published today in Nature, explaining how its researchers were able to create the topological qubit. Microsoft has helped create a new material made from indium arsenide and aluminum, and it has placed eight topological qubits on a chip that it hopes can eventually scale to 1 million.

Microsoft says the new chip, the Microsoft Majorana 1, is "the world’s first quantum chip powered by a new Topological Core architecture" that it expects will "realize quantum computers capable of solving meaningful, industrial-scale problems in years, not decades.

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field.

A Microsoft research team claims to have built “the world’s first quantum processor powered by topological qubits,” and that it is on track to build a prototype of a scalable quantum computer “in years,