Microsoft (MSFT) is quickly becoming a leader in the emerging quantum computing sector, making its stock a premium option. Although there has been debate on how far away the technology is, Quantum Computing is quickly establishing its presence in the future of technology, and Microsoft is ready to dominate that area.
The increasing recognition of quantum computing’s potential to revolutionize numerous industries has placed the momentum for significant breakthroughs. For example, quantum simulations in healthcare enable scientists to model complex molecular interactions, which helps in ramping up the discovery of new drugs and materials. Microsoft remains involved in the quantum computing business via its Azure Quantum platform and the development of topological qubits.
Microsoft’s Majorana 1 Chip To Propel It Ahead In Quantum Market?
Microsoft recently unveiled its Majorana 1 quantum chip, powered by a new state of matter. One expert recently noted that the debut is “just as revolutionary as a silicon transistor,” according to Business Insider. Further, the company expects that it will realize quantum computers capable of solving meaningful, industrial-scale problems in a few years.
Outside of Quantum Computing, Microsoft (MSFT) is quickly becoming a promising stock in tech overall, especially amongst the Magnificent 7. One of the realms that Microsoft is blowing up in recently is AI. Just seven days ago, news surfaced that Microsoft was developing its very own AI. It is seeking to become a greater competitor in the market as it faced off against some of the biggest names in tech. The company will join Amazon (AMZN), and Alphabet (GOOGL) as parts of this newly-approved cloud and AI project in Thailand.
Bretton Capital Management, an investment management company, calls Microsoft one of the best quantum-computing stocks on the market. “has become the go-to provider of computing services for many emerging AI companies, and its franchise is much more diversified than Alphabet’s, making it a net beneficiary of the AI arms race,” the company said in a recent investment letter. “Demand for its cloud computing services continued to grow, and the rest of its business (Orce, Windows, Xbox, GitHub, LinkedIn) are also thriving, sending earnings per share up 22% while the stock returned 13%.”
At press time, Microsoft stock (MSFT) is trading at 383.11, down 6% in the past month. This could make now an opportune time to buy the stock as its lower than analysts project.
