Its Majorana 1 chip, made of a new material, can perform high-level computing tasks with greater speed and accuracy, Microsoft says.

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,

At least, that's usually my reading of anything quantum computing related, and that seems to be the general gist of Microsoft's new quantum chip announcement. Microsoft says the new chip, the Microsoft Majorana 1,