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CNBC's Jim Cramer named one quantum stock to "own," while another company achieved a major technical breakthrough and substantial share price gains.

Quantum computing remains one of the hottest and most speculative corners of the market, delivering eye-popping returns over the past year, and even greater upside potential as the technology moves closer to real-world applications. While the technology is still in its early stages, recent advancements have sparked an accelerating interest in the sector, with capital flowing into the handful of public companies operating at the frontier.

Quantum Computing Inc.  QUBT has taken a major step toward commercial scalability with the full construction and early-stage operation of its Quantum Photonic Chip Foundry in Tempe, AZ. This facility gives Quantum Computing the in-house capability to produce thin-film lithium niobate (TFLN) photonic integrated circuits (PICs), which are key components in advanced technologies ranging from high-speed data networks to quantum information systems.

Earlier this week, Quantum Computing, Inc. QUBT announced a $200 million private placement and Microsoft Corp.'s MSFT CEO said quantum computing could take scientific advancements to the next level.

Quantum Computing Inc. (NASDAQ: QUBT), a company focused on building quantum-compatible chips and photonic hardware solutions for various applications, including high-performance computing, AI, and cybersecurity, has seen its stock price surge by an impressive 80% in a month, while it is up by over 3,000% in the last twelve months, reflecting the increasing interest in this potentially revolutionary field. Nvidia CEO Jensen Huang's comment at the GTC Paris developer conference, stating "quantum computing is reaching an inflection point," has led to positive momentum in quantum computing stocks lately.