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Quantum sector ignites on $2B federal backing aimed at beating China in tech race

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF

Several quantum computing stocks rallied Thursday on expectations of deals that will see the federal government take stakes in the firms.

All three major US stock indexes were down and oil prices were up after Iran's supreme leader issued

QBTS and RGTI are gaining momentum as analysts see more than 90% upside tied to growing quantum adoption and contracts.

Quantum stocks rose as the Trump administration announced it is giving out grant money for research and development projects in exchange for company stakes.

IonQ‘s (NYSE:IONQ) shares are up 10% in early Thursday trading, while D-Wave Quantum (NYSE:QBTS) stock is spiking 25% higher. Moreover, Rigetti Computing (NASDAQ:RGTI) stock is rising 24% and Quantum Computing (NASDAQ:QUBT) stock is climbing 14%. Thus, the pure-play quantum cohort is trading as a single basket once again. The bounce arrives three days after this ... IonQ Climbs 10%, D-Wave Rockets 25%, Rigetti Soars 24%, Quantum Computing Inc. Jumps 14%: The Quantum Trade Roars Back

(Updates with stock movement in the last paragraph.) IBM (IBM), GlobalFoundries (GFS) and D-Wave

US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results pos

Shares of several quantum computing companies surged in U. S.

IONQ's Q1 2026 shows platform pull-through: 60% commercial, 35% international and raised 2026 revenue outlook to $260-$270 million.

Trump administration awards $2 billion to nine quantum firms and takes minority equity stakes in each recipient.

The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.

IBM stands to receive $1 billion of the package, which covers nine companies and is funded by the 2022 Chips and Science Act

IBM and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals reportedly include equity stakes.

IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) are among the major quantum companies set

The US government will take equity stakes worth a total of $2bn in a slew of quantum computing companies, including a start-up backed by a firm...

A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package.

IBM says it plans to create ‘America’s first pure-play quantum foundry’ in collaboration with the Commerce Department.

Nvidia ticks up after better-than-expected earnings, while Intuit slumps following a layoffs announcement.

The Trump administration is awarding $2 billion in grants to nine quantum-computing companies in deals ‌that include the U.S. government taking equity stakes, ‌the Wall Street Journal reported on Thursday, citing the Commerce Department. The ​department has agreed to give $1 billion of the package to IBM, while GlobalFoundries will receive $375 million, according to the report. The remaining firms, including D-Wave Quantum, Rigetti Computing and Infleqtion, ‌are expected to receive $100 ⁠million each, while startup Diraq may receive $38 million, according to the WSJ report.

Troy Jensen of Cantor Fitzgerald says this technology is on the cusp of commercialization. He sees multiple winners.

The quantum hardware, software, and sensing company is positioned to capitalize on two of today’s biggest trends: quantum technology and the commercial space industry. “I like to say the only thing better than quantum is quantum in space,” CEO Matt Kinsella told Barron’s in a recent interview. Less than two months after going public through a blank-check merger, the company made headlines when it said it was providing upgraded quantum hardware to the International Space Station through a NASA cargo mission.

QBTS and RGTI are gaining momentum in May 2026 as analysts see more than 90% upside tied to quantum adoption and commercial traction.

D-Wave Quantum is up big, even compared to other quantum computing companies. The question is whether there's still enough growth potential ther for new investors.

RGTI stock dips since Q1 earnings despite soaring revenue growth as investors weigh high spending, long timelines and slow quantum adoption.

Download the Complete Report Here Xanadu Quantum Technologies (XNDU) Wafer Iteration and Partner-Led Commercialization Support Photonic Quantum Roadmap Key Takeaways: XNDU’s first public-company quarter reinforced roadmap execution, with revenue increasing 4x y/y to $2.8 million. Post-SPAC proceeds, Project OPTIMISM, DARPA, and a planned $300 million ATM expand flexibility for faster wafer iteration. Partnerships with AMD, […]

D-Wave Quantum Inc (QBTS) reports a remarkable increase in bookings despite a significant drop in revenue, showcasing strong commercial momentum and strategic advancements in quantum computing.

Oracle and IBM offer up to 34% upside as hyperscalers expand AI and quantum infrastructure amid a volatile macro backdrop.

IonQ (NYSE:IONQ) shares are down roughly 7%, D-Wave Quantum (NYSE:QBTS) stock is off 8%, and shares of Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT) are dropping 10%. No single company-specific catalyst is driving the move. All four names reported earnings over the past two weeks with strong revenue growth and bullish commentary, fueling a sector ... IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking