Quantum Computing Stock Surges Despite Missing Out on Government Grants
Shares of Quantum Computing (NASDAQ: QUBT) rose by 16% after reports that the Trump Administration plans to award $2 billion in grants and equity stakes to nine quantum computing companies. However, Quantum Computing is not among those receiving funding, which includes D-Wave Quantum, Infleqtion, Rigetti Computing, Globalfoundries, and IBM.
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Topics: government funding quantum computing stock price movement