Microsoft says it has developed a breakthrough quantum processor based on a new state of matter, giving it a clear path to achieve quantum computing’s long-term promise of solving some of the world’s most difficult problems.

The processor uses qubits that can be measured without error and are resistant to outside interference, which the company says marks a “transformative leap toward practical quantum computing.”

Investors are buzzing about Microsoft's first-of-a-kind quantum chip, drawing increased interest in ETFs with exposure to quantum computing and semiconductors. QTUM, AIQ, and SMH are top options.