Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia.

Over the past few months, quantum computing has come sharply into focus as one of the tech sector’s next frontiers. As the artificial intelligence (AI) boom has sparked a need for advanced computational power,

Shares of quantum computing companies wavered on Thursday after jumping yesterday on renewed investor interest in the nascent technology.