Categories: Business

New Microsoft program offers quantum stocks reprieve from recent losses

Key takeaways

Quantum stocks rebounded Wednesday, a day after a Microsoft blog post calling 2025 “the year to become quantum ready.”
The tech giant has launched a program called “Quantum Ready” which it says involves collaboration with business leaders in the sector.
Microsoft’s show of support helped quantum stocks partially recover from recent bearish comments from Meta Platforms CEO Mark Zuckerberg and his Nvidia counterpart Jensen Huang.

Quantum stocks rebounded Wednesday, a day after a blog post from Microsoft (MSFT) that called 2025 “the year to become quantum ready,” easing a string of recent losses sparked by high-profile bearish comments on the sector.

Shares of Rigetti Computing (RGTI) jumped 15%, D-Wave Quantum (QBTS) 14%, IonQ (IONQ) 30% and Quantum Computing (QUBT) 40% in recent trading.

Microsoft on Tuesday unveiled its “Quantum Ready” program, which it said will involve working with executives from quantum computing companies in one-on-one workshops and industry forums. The program “will invest in strategic skills and access to reliable quantum computers for experimentation,” Microsoft said.

Zuckerberg and Huang’s comments 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, who followed Nvidia (NVDA) CEO Jensen Huang, saying that “ very useful quantum computers” would still be 15 to 30 years away, sending shares. in a spiral.

Rigetti Computing, for example, saw its stock lose two-thirds of its value in three sessions to close at $6.05 on Monday. By Wednesday afternoon, it was back to $10.30.

remon Buul