Microsoft, Amazon, and Google each announced new prototypes of quantum computing chips, but scientists say that the field is still evolving.

Major technological breakthroughs can, over time, create trillions in shareholder value. Quantum computing looks like one such possible opportunity, and Rigetti Computing (NASDAQ: RGTI) might be a good way to gain exposure to it. Quantum computing involves creating machines that process data in an entirely different way than traditional computers.

Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS).

The opportunity for Microsoft to leverage its leadership in cloud computing and artificial intelligence (AI) with new enterprise-scale quantum solutions highlights a significant long-term growth potential. Here are three reasons I believe Microsoft is the new king of quantum computing.

For companies struggling with high cloud costs, talent shortages, and data integration problems, a groundbreaking quantum processor isn’t the answer.

Innovation is pouring out of the big technology companies. From hand-controlled augmented reality glasses at Meta Platforms, self-driving car commercialization at Alphabet, and robot-controlled warehouses at Amazon,

D-Wave, Rigetti, and Quantum Computing Inc. are enjoying yet another boost in the wake of a major announcement from tech giant Microsoft.

Quantum computing remains industry of high potential and rapid evolution, igniting investor interest with its promise to revolutionize computational speed. The quantum race is heating up after Microsoft (MSFT) introduced its Majorana 1 chip,