Microsoft unveils quantum chip breakthrough, shares rise 1%
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Microsoft introduces ‘Majorana 1’ quantum processor
Microsoft (msft) shares edged up 1.25% on wednesday, reacting mutedly to what could be a game-changing advancement in quantum computing. The company claims to have created a new state of matter, topological superconductivity, to power its Majorana 1 quantum chip, potentially paving the way for commercial quantum computing within five years.
Investors remain cautious despite ‘breakthrough’ claims
While the announcement is technologically significant, the market response was subdued, likely due to the long timeline for commercialization. Microsoft’s Chetan Nayak, head of quantum computing, emphasized that Majorana 1 is designed to scale up to 1 million topological qubits, a key step toward functional quantum applications.
Competing with google in the quantum race
The announcement follows Google’s recent quantum computing teaser, which suggested progress in leveraging parallel universes for computations. With Microsoft and Google (googl) racing to build the first practical quantum system, investors are watching for tangible progress that could translate into commercial products and revenue potential.
Trading outlook
Microsoft’s stock remains in a strong uptrend, with key support around $395-$400 and resistance near $415-$420. For now, quantum advancements are generating excitement but not immediate valuation shifts, as investors seek real-world adoption and monetization paths before assigning higher multiples to quantum computing plays.
Microsoft (msft) shares edged up 1.25% on wednesday, reacting mutedly to what could be a game-changing advancement in quantum computing. The company claims to have created a new state of matter, topological superconductivity, to power its Majorana 1 quantum chip, potentially paving the way for commercial quantum computing within five years.
Investors remain cautious despite ‘breakthrough’ claims
While the announcement is technologically significant, the market response was subdued, likely due to the long timeline for commercialization. Microsoft’s Chetan Nayak, head of quantum computing, emphasized that Majorana 1 is designed to scale up to 1 million topological qubits, a key step toward functional quantum applications.
Competing with google in the quantum race
The announcement follows Google’s recent quantum computing teaser, which suggested progress in leveraging parallel universes for computations. With Microsoft and Google (googl) racing to build the first practical quantum system, investors are watching for tangible progress that could translate into commercial products and revenue potential.
Trading outlook
Microsoft’s stock remains in a strong uptrend, with key support around $395-$400 and resistance near $415-$420. For now, quantum advancements are generating excitement but not immediate valuation shifts, as investors seek real-world adoption and monetization paths before assigning higher multiples to quantum computing plays.