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

Reuters
02-20
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%

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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