Updated
Updated · Insider Monkey · Jun 7
Quantum Stocks Surge After $2 Billion CHIPS Grants Lift IBM, Startups
Updated
Updated · Insider Monkey · Jun 7

Quantum Stocks Surge After $2 Billion CHIPS Grants Lift IBM, Startups

3 articles · Updated · Insider Monkey · Jun 7

Summary

  • $2 billion in new CHIPS R&D grants sent quantum-computing shares sharply higher after the Commerce Department unveiled a package aimed at boosting U.S. innovation, skills and jobs.
  • IBM is set to receive nearly half the funding, while GlobalFoundries gets $375 million and startups including D-Wave, Rigetti and Infleqtion about $100 million each.
  • Infleqtion jumped 23%, D-Wave rose 16.5%, Rigetti gained 14%, GlobalFoundries climbed 13%, Quantum Computing added 11% and IBM advanced 7% as investors priced in government-backed growth.
  • The awards underscore how quantum computing is increasingly being framed as both an economic-competitiveness race and a national-security priority for the United States.

Insights

Can a $2 billion investment truly secure America's lead in the high-stakes global race for quantum supremacy?
As quantum stocks soar on government funding, are we witnessing a tech revolution or a speculative bubble?
Quantum computing promises miracle drugs but also threatens to break all encryption. Which future arrives first?