Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers
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.