Microsoft has introduced its first quantum computing chip, Majorana 1, which promises to revolutionize the tech industry and accelerate commercialized quantum systems. The chip features a “topological core architecture” that could fit over a million qubits on a single chip, significantly shortening the timeline for practical quantum computing applications.
The company claims that Majorana 1’s architecture offers a clear path to fitting a large number of qubits on a small chip, surpassing current quantum processors. This technology also promises more stable and reliable quantum operations, addressing issues with qubit instability and error rates.
Microsoft believes that its new chip could have significant commercial potential in various fields, such as environmental science and healthcare. It could improve the way we capture carbon, remove plastic particles from the environment, develop new medicines, and treat diseases like cancer and Alzheimer’s.
The financial impact of Majorana 1 is expected to be substantial, with Microsoft potentially dominating the quantum computing market. The market is projected to grow to $12.62 billion by 2032, with a CAGR of 34.8%. As a first mover, Microsoft could capture a significant share of this market and attract businesses from different industries.
Investors are optimistic about Microsoft’s prospects, with an average price target of $510.38, implying a 25.03% upside potential. However, the company’s performance will be closely watched as it navigates the challenges of commercializing its new technology.
Source: https://www.tipranks.com/news/quantum-computing-news-microsoft-unveils-majorana-1-sparking-market-excitement