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).

Detailed price information for Adobe Systems Inc (ADBE-Q) from The Globe and Mail including charting and trades.

The opportunity for Microsoft to leverage its leadership in cloud computing and artificial intelligence (AI) with new enterprise-scale quantum solutions highlights a significant long-term growth potential. Here are three reasons I believe Microsoft is the new king of quantum computing.

The processor uses qubits that can be measured without error and are resistant to outside interference, which the company says marks a “transformative leap toward practical quantum computing.”

Microsoft on Wednesday unveiled a new chip that it said showed 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.

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.

Microsoft’s Majorana 1 quantum chip introduces a breakthrough Topological Core, enabling stable and scalable qubits. By leveraging topoconductors, this innovation paves the way for million-qubit machines capable of solving complex scientific and industrial challenges.