Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia.

D-Wave, Rigetti, and Quantum Computing Inc. are enjoying yet another market boost in the wake of a major announcement from tech giant Microsoft. The stock prices of quantum computing companies are surging in premarket trading this morning after Microsoft unveiled a new type of quantum computing chip yesterday,

Shares of quantum computing companies wavered on Thursday after jumping yesterday on renewed investor interest in the nascent technology. Quantum computing stocks like Rigetti (RGTI), Quantum Computing (QUBT),