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."

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

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