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

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.

Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS).

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.

D-Wave, Rigetti, and Quantum Computing Inc. are enjoying yet another boost in the wake of a major announcement from tech giant Microsoft.

Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia.

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field.

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,

For companies struggling with high cloud costs, talent shortages, and data integration problems, a groundbreaking quantum processor isn’t the answer.