The company said in a blog post that the new chip "paves the way to a useful, large-scale quantum computer," and Alphabet noted that Willow was made in the company's state-of-the-art fabrication facility in Santa Barbara, California, which is one of only a handful in the world.

Quantum computing stocks were all the rage in 2024 with shares of some of the most popular companies rising 1,000% or more. 24/7 Wall St. Insights: Microsoft (MSFT) shook up the quantum computing world with the announcement it had created a new kind of matter that was not solid,

Microsoft claims that building its first quantum-computing chip required that it create a new state of matter, which it is referring to as a topological state.