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).

Quantum computing remains industry of high potential and rapid evolution, igniting investor interest with its promise to revolutionize computational speed. The quantum race is heating up after Microsoft (MSFT) introduced its Majorana 1 chip,

Microsoft says it has developed a breakthrough quantum processor based on a new state of matter, giving it a clear path to achieve quantum computing’s long-term promise of solving some of the world’s most difficult problems.

The opportunity for Microsoft to leverage its leadership in cloud computing and artificial intelligence (AI) with new enterprise-scale quantum solutions highlights a significant long-term growth potential. Here are three reasons I believe Microsoft is the new king of quantum computing.

Microsoft on Wednesday unveiled a new chip that it said showed quantum computing is "years, not decades" away, joining Google and IBM in predicting that a fundamental change in computing technology is much closer than recently believed.

The tech giant’s researchers say the advance could lead to vastly more powerful computers.

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D-Wave, Rigetti, and Quantum Computing Inc. are enjoying yet another boost in the wake of a major announcement from tech giant Microsoft.

Quantum computing stocks advanced 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.

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.