Major technological breakthroughs can, over time, create trillions in shareholder value. Quantum computing looks like one such possible opportunity, and Rigetti Computing (NASDAQ: RGTI) might be a good way to gain exposure to it. Quantum computing involves creating machines that process data in an entirely different way than traditional computers.

Microsoft, Amazon, and Google each announced new prototypes of quantum computing chips, but scientists say that the field is still evolving.

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 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.

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

Shares of quantum computing companies wavered on Thursday after jumping yesterday on renewed investor interest in the nascent technology.

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.

Innovation is pouring out of the big technology companies. From hand-controlled augmented reality glasses at Meta Platforms, self-driving car commercialization at Alphabet, and robot-controlled warehouses at Amazon,

Microsoft on Wednesday announced its first quantum computing chip, called Majorana 1, and said it could significantly reduce the time needed to reach quantum computing at a larger scale.