Commerce Unveils $2 Billion for 9 Quantum Firms as QTUM Jumps 45% YTD
Updated
Updated · 24/7 Wall St. · May 31
Commerce Unveils $2 Billion for 9 Quantum Firms as QTUM Jumps 45% YTD
3 articles · Updated · 24/7 Wall St. · May 31
Summary
$2 billion in CHIPS Act letters of intent went to nine quantum companies on May 21, with D-Wave, Rigetti, Quantinuum, PsiQuantum, Atom Computing and Infleqtion slated for $100 million each.
The funding adds to IBM error-correction advances and Google Willow chip benchmarks, reinforcing a shift in investor focus from whether quantum works to which approach scales first.
QTUM, the most direct quantum-themed ETF, has climbed 45% year to date, 86% over 12 months and about 23% in the past month as pure-play qubit names rallied on funding headlines.
ARKQ and BOTZ offer less direct exposure through semiconductors, testing gear, AI software and automation hardware, posting 25% and 11% year-to-date gains respectively as investors spread bets across the broader compute build-out.