The global quantum-computing market, valued at $885.4 million in 2023, is projected to hit $12.6 billion by 2032. Furthermore, a 2024 report by Boston Consulting Group predicts that by 2040, quantum computing could generate between $450 billion and $850 billion in economic value,

Stocks of quantum computing companies jumped Wednesday after Microsoft declared this as “the year to become quantum-ready,” adding “we are at the advent of the reliable quantum computing era.” Shares of Rigetti Computing and D-Wave Quantum were both up more than 22 percent.