Microsoft’s new chip gives ‘hope’ quantum computing companies after Nvidia CEO’s one sentence wiped billions for them

Quantum computing stocks rallied on Thursday, February 20, after software giant Microsoft revealed its new Majorana 1 chip, reigniting the debate about the technology’s timeline. Microsoft asserts this chip demonstrates that practical quantum computing is “years, not decades” away, contradicting recent claims from Nvidia CEO Jensen Huang that it’s still two decades off. This announcement aligns Microsoft with Google and IBM, who also predict a much sooner arrival for widespread quantum computing applications.