Its Majorana 1 chip, made of a new material, can perform high-level computing tasks with greater speed and accuracy, Microsoft says.

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While investors are still getting used to the artificial intelligence (AI) era, the market is intrigued by the next technological evolution, quantum computing. Many emerging pure-play quantum computing stocks,

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Microsoft’s new “topological qubit” is not based on a solid, liquid or gas. It is another phase of matter that many experts did not think was possible.

The newly termed “topoconductor,” Majorana 1, is designed to support large qubit data processing for a future quantum computer.

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 unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals,

D-Wave, Rigetti, and Quantum Computing Inc. are enjoying yet another market boost in the wake of a major announcement from tech giant Microsoft. The stock prices of quantum computing companies are surging in premarket trading this morning after Microsoft unveiled a new type of quantum computing chip yesterday,

Microsoft said it had reached a milestone in its quantum- computing journey, delivering a boost to shares of quantum pure plays such as D-Wave Quantum and Rigetti Computing on Thursday. The tech behemoth unveiled its Majorana 1 chip on Wednesday afternoon,

Microsoft said Wednesday it has developed a computer chip based on a new "topological" state of matter — not solid, liquid or gas — that it expects will underpin exponentially faster and more powerful quantum computers "within years,