In 2024, quantum computing stocks surged over 1,000% following Microsoft's announcement of a significant breakthrough: the development of topoconductors, which could enhance quantum computing. These new materials utilize Majorana particles to create more stable qubits. However, optimism faded after Nvidia's CEO stated that practical quantum computing might still be decades away, causing stocks to crash in January. Although they recovered slightly, substantial challenges, such as environmental sensitivity leading to instability and errors, remain in existing quantum computers. Overall, Microsoft's innovation may hold the key to overcoming these limitations for the industry's future.
Microsoft's quantum breakthrough involves a new material called topoconductors, which creates more stable qubits for quantum computing, potentially transforming the industry's viability.
Despite initial optimism, comments from Nvidia's CEO warned that quantum computing is still roughly two decades away from achieving practical viability, tempering stock expectations.
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