Quantum Computing Stocks Surge on U.S. Government $2B Funding and Equity Stakes
Key takeaways
- government plans to award $2 billion in grants to nine quantum firms including equity stakes, boosting shares of Rigetti Computing over 30%, D-Wave Quantum up 22%, Quantum Computing up 13%, IonQ up 9%, and IBM up 7%.
- The Wall Street Journal first reported the deals with IBM as a major beneficiary receiving around $1 billion.
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The U.S. government is giving billions in funding and taking ownership stakes in quantum computing companies.
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