Quantum computing stocks collapsed in the early part of January, thanks in part to comments from the CEO of Nvidia. The companies have promising technology, but it is still many years away from commercialization.

Since Google broke onto the quantum scene with its Willow quantum chip, the quantum sector has also come under the microscope. Companies in this developing quantum era are positioning themselves for long-term growth and are being watched closely by investors and analysts alike.

Microsoft (MSFT) exec Mitra Azizirad wrote in a blog post on Tuesday, Jan. 14 that “We are at the advent of the reliable quantum computing era. And we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value.

Stocks and ETFs tied to quantum computing rose significantly Wednesday after Nvidia and Microsoft highlighted the industry's enormous potential.

Rigetti Computing and D-Wave Quantum, the second- and fourth-biggest gainers in the Russell 3000 Index on Tuesday, were up 22% and 24%, respectively. Peers Quantum Computing and I

Quantum Computing is a Real Thing according to Microsoft’s comments this morning. Shares of D-Wave Quantum Inc , Rigetti Computing and IonQ Corporation are