Microsoft CEO Satya Nadella late Wednesday said quantum technology will be the next cloud "accelerator," lifting quantum computing stocks such as IonQ, Rigetti Computing, D-Wave Quantum and Quantum Computing on Thursday.
Nadella, speaking on Microsoft's earnings call, said, "The next big accelerator in cloud will be quantum."
IonQ stock rose 4% intraday Thursday, hitting resistance at the 50-day line in a cup-with-handle base.
Rigetti jumped 9.5%, reclaiming a cup-with-handle buy point and running through the buy zone.
D-Wave Quantum stock leaped 6.1%, rebounding from the 50-day line as it tries to rebound after pulling back from a buy point.
QUBT stock advanced 5.5%, moving toward the 50-day line.
The quantum computing stocks are set to report quarterly results in the next couple of weeks.
IonQ will report second-quarter earnings on Aug. 6, with D-Wave Quantum on Aug. 7. Rigetti Computing is scheduled for Aug. 12, while Quantum Computing will likely post results in mid-August.
Microsoft stock rose 4.4%, off intraday highs. Shares are up on strong earnings and guidance, led by the fast-growing Azure cloud-computing business.
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