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New Microsoft Program Gives Quantum Stocks Reprieve From Recent Losses
Key Takeaways
Quantum stocks rallied Wednesday, a day after a Microsoft ( MSFT ) blog post called 2025 "the year to become quantum-ready," mitigating a string of recent losses spurred by high-profile bearish comments on the sector.
Shares of Rigetti Computing ( RGTI ) jumped 15%, D-Wave Quantum ( QBTS ) soared 14%, IonQ ( IONQ ) surged 30%, and Quantum Computing ( QUBT ) rocketed 40% in recent trading.
Microsoft on Tuesday unveiled its "Quantum Ready" program, which it said will involve working with quantum computing business leaders in one-on-one workshops and industry forums. The program will "invest in strategic skilling and access to reliable quantum computers for experimentation," Microsoft said.
Zuckerberg, Huang Comments Had Hit Quantum Stocks
The blog post was a breath of fresh air for quantum companies after negative comments from Meta Platforms ( META ) CEO Mark Zuckerberg followed Nvidia ( NVDA ) CEO Jensen Huang saying that "very useful quantum computers" are still 15 to 30 years away , sending shares into a spiral.
Rigetti Computing, for example, saw its stock lose two-thirds of its value over three sessions to close at $6.05 on Monday. As of Wednesday afternoon, it had rallied back to $10.30.
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