Understanding Quantum Computing

Quantum computing is based on qubits, which can exist in multiple states at once, unlike classical bits that are limited to zero or one. This unique property allows quantum computers to perform complex calculations much faster than today's supercomputers. For instance, Google's recent advancements with their quantum chip, Willow, enable it to solve a benchmark calculation in less than five minutes, a task that would take traditional supercomputers longer than the age of the universe. The excitement surrounding quantum computing stocks has led to significant price increases, demonstrating a speculative bubble risk in the tech market.