Quantum computing stocks rose in premarket trading 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.

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),

The company said in a blog post that the new chip "paves the way to a useful, large-scale quantum computer," and Alphabet noted that Willow was made in the company's state-of-the-art fabrication facility in Santa Barbara, California, which is one of only a handful in the world.