Shares of quantum computing companies surged Thursday after the US government announced grants with equity stakes: D-Wave closed up 33%, Rigetti 30%, IBM 12%
Quantum computing shares popped on Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space.
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Quantum Stocks Explode After $2B US Government Backing
D-Wave, Rigetti, and IBM shares surged as the feds announced billions in quantum computing grants and equity stakes.
Quantum computing stocks went on a tear Thursday. The U.S. government announced plans to award $2 billion in grants to nine companies in the quantum space — and took equity stakes to boot. Wall Street responded immediately.
D-Wave led the charge, closing up 33%. Rigetti wasn't far behind at 30%. Even Big Blue got a lift, with IBM climbing 12%.
The move signals serious federal commitment to quantum computing as a strategic priority. Nine firms stand to benefit from the funding wave.
Government equity stakes add another layer. Washington isn't just handing out checks — it's buying in. That combination of grants and ownership positions sent a clear message to the market, and investors piled in accordingly.
For a sector that's long promised breakthroughs without consistent public backing, Thursday was a very good day.