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Key Facts on Quantum Computing Stocks
Rigetti Computing’s stock has surged over 2,880% in a year, representing significant gains in the quantum computing sector, but poses inherent risks due to its lack of material revenue and dependence on future commercialization. Investors are advised to approach these smaller quantum stocks with caution.
Microsoft released its first quantum computing chip, Majorana 1, in February 2023, featuring eight topological qubits. The chip is designed for eventual scalability up to 1 million qubits. Meanwhile, Google’s quantum system, Willow, boasts 105 qubits and successfully ran an algorithm 13,000 times faster than classical supercomputers.
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