Quantum stocks soar as U.S. reportedly plans $2 billion ‘award’ and taking equity stakes
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- U.S. government will award $2 billion in grants to nine quantum‑computing firms and take equity stakes in each.
- IBM is slated to receive $1 billion from the Commerce Department, and its shares rose about 6.3% in pre‑market trading.
- GlobalFoundries will get $375 million under the program.
- D‑Wave Quantum is expected to receive $100 million, alongside Rigetti Computing and Infleqtion which are also slated for $100 million each.
- D‑Wave Quantum shares jumped 16.6%, while Rigetti shares rose ~15% and Infleqtion stock gained over 26% ahead of regular trading.
Why it matters: Quantum firms secure billions, lifting their stock prices and giving the U.S. a strategic foothold in next‑gen computing. The $2 billion infusion also gives Washington equity stakes, tying company growth to government ownership.
