Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers
TL;DR Summary
Quantum stocks jumped after the U.S. government moved to award $2 billion in CHIPS Act funds to nine quantum companies, with IBM slated to receive the largest share and to co-fund a new quantum foundry called Anderon. The funds spurred rallies across peers such as QBTS (D-Wave), RGTI (Rigetti), INFQ (Infleqtion) and others, illustrating renewed investor enthusiasm amid government backing, even as the sector remains volatile and long-term profitability remains uncertain.
- Quantum Stocks Surge as Trump’s $2 Billion CHIPS Bet Puts IBM, QBTS and RGTI in Focus TipRanks
- Exclusive | U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes WSJ
- Which company will the U.S. government take a stake in next? Here’s what traders think CNBC
- Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing National Institute of Standards and Technology (.gov)
- Infleqtion (INFQ) Is Up 31.4% After Prospective US$100 Million CHIPS Funding News Has The Bull Case Changed? Yahoo Finance
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