Microsoft CEO, Satya Nadella, highlights quantum computing as the next big thing in the cloud during the latest earnings call. The company’s Q4 results exceeded expectations, with revenue reaching $76.44 billion and EPS at $3.65. Azure’s 39% YoY growth stole the show, fueled by AI workloads and enterprise demand.

Analysts are bullish on Microsoft’s future, with KeyBanc upgrading the stock to Overweight with a $630 price target. Microsoft stock has outperformed the S&P 500, posting a 27% YTD increase. The company’s focus on quantum computing is seen as a major paradigm shift in the tech industry.

Microsoft’s quantum initiatives are gaining momentum, with real-world applications coming to fruition. The company announced the world’s first operational deployment of a Level 2 Quantum computer in partnership with Atom Computing. This move signals a shift towards quantum computing becoming a practical reality.

The quantum computing industry is heating up, with notable figures like Bill Gates and Jensen Huang predicting significant breakthroughs in the near future. McKinsey estimates the quantum ecosystem’s potential to reach $100 billion by 2035, while Fortune Business Insights projects it to hit $12.6 billion by 2032. Investors, like ARK Invest, are actively engaging in the quantum space due to its promising future outlook.

Read more at Yahoo Finance: Microsoft CEO sends a surprising message on quantum computing