Quantum Computing Inc. (QUBT) stock soared 7.61% during Tuesday's trading session, fueled by positive news surrounding Google's latest quantum chip, Willow, which achieved significant breakthroughs in error reduction and performance.

Willow, developed by Google Quantum AI, demonstrated the ability to reduce errors exponentially as the number of qubits increased, reaching "below-threshold" error rates through quantum error correction. This milestone indicates substantial progress in addressing one of the major challenges in quantum computing.

The new quantum chip also marked a breakthrough in real-time error correction on a superconducting quantum system, showcasing the potential for error correction to significantly improve system performance. With 105 qubits, Willow has already outperformed prior quantum systems, raising optimism about the future of quantum computing technology.