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Federal Reserve rate-hike odds just handed quantum computing stocks their sharpest single-session hit in weeks, and the reason has nothing to do with anything these companies actually did.
Quantum ETFs are gaining momentum as AI strains classical computing, with federal funding and breakthroughs fueling the sector's growth.
The Commerce Department’s $2 billion in planned CHIPS R&D funding for nine quantum companies, announced in May, gave the quantum computing trade something it lacked for a decade: a federal balance sheet behind it. Three exchange-traded funds capture the trade from different angles. The Defiance Quantum ETF (NASDAQ:QTUM) is the closest thing to a pure-play. ... Quantum Computing Just Hit Commercial Viability and Trump’s $2 Billion Quantum Push Has These 3 ETFs Sitting on Top of the Trade
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