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."

Shares of Rigetti computing have lost more than 70% of their value since hitting their $20 closing high less than two weeks ago. The volatile plunge in share price came on the heels of Jensen Huang - NVIDIA’s CEO – on the reasonable timeline for quantum computing.

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