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 are attracting a lot of attention these days for one simple reason: These companies, if they reach their goals, could offer the world the next game-changing technology. As we've seen in the past -- from internet-related companies to artificial intelligence (AI) players -- these innovators could go on to deliver soaring earnings and stock performance.

While investors are still getting used to the artificial intelligence (AI) era, the market is intrigued by the next technological evolution, quantum computing. Many emerging pure-play quantum computing stocks,

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