Microsoft said it had reached a milestone in its quantum- computing journey, delivering a boost to shares of quantum pure plays such as D-Wave Quantum and Rigetti Computing on Thursday. The tech behemoth unveiled its Majorana 1 chip on Wednesday afternoon,

Microsoft says it has developed a breakthrough quantum processor based on a new state of matter, giving it a clear path to achieve quantum computing’s long-term promise of solving some of the world’s most difficult problems.

Microsoft on Wednesday revealed its first quantum computing chip, Majorana 1, stating it will speed up the development of quantum computers able to solve “meaningful, industrial-scale