The stocks were slammed last week, when Nvidia’s CEO said it would take decades for the technology to become “very useful.”

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

Since Google broke onto the quantum scene with its Willow quantum chip, the quantum sector has also come under the microscope. Companies in this developing quantum era are positioning themselves for long-term growth and are being watched closely by investors and analysts alike.