Microsoft Majorana 2 Framed as 'Option Value' as MSFT Targets $554 Analyst Consensus

As of June 7, analysts view Microsoft's Majorana 2 quantum chip as strategic 'option value' rather than a near-term earnings driver, with Wedbush calling the launch an industry validation and consensus analyst targets sitting at $554.28 — implying 31.77% upside from current levels. The story began June 2 when Microsoft unveiled the AI-designed topological chip claiming 1,000x reliability gains over Majorana 1, 20-second mean qubit coherence, and a sharpened 2029 scalable quantum computer target, triggering a 3.96% intraday MSFT decline amid physicist skepticism over limited public data. Sentiment partially recovered by June 4, with shares up 1.4% premarket, and Microsoft's Q1 CY2026 EPS beat of $4.27 versus $4.07 expected underpins a constructive longer-term bull case despite MSFT being down 13.23% year-to-date.