BUZZ-Quantum computing stocks surge after Microsoft launches new quantum chip

Shares of quantum computing stocks surge premarket after Microsoft MSFT.O launches new quantum chip on Wednesday

Rigetti Computing RGTI.O up 9%, D-Wave Quantum QBTS.N gains 8.9%, Quantum Corp QMCO.O up 5.5%, Quantum Computing QUBT.O climbs 10.2% and IonQ IONQ.N rises 5.1%

MSFT shares rise 1.02%

MSFT unveiled a new chip that it said shows 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

MSFT says the Majorana 1 chip it has developed is less prone to errors than rivals

Last month, MSFT said 2025 is the year to become "quantum-ready" in a blog post

In 2024, QMCO shares gained 672.5%, QUBT above 1700% and RGTI over 1400%