Federal Government Invests $2 Billion in Quantum Computing Firms
The U.S. federal government is investing up to $2 billion in quantum computing firms through a Commerce Department initiative, with IBM receiving the largest share at $1 billion and GlobalFoundries getting $375 million. This has led to significant stock price increases for companies like IBM (+7%), D-Wave Quantum (QBTS) (+26%), and Rigetti Computing (RGTI) (+26%).
Tickers: $GFS $IBM $QBTS $RGTI
Topics: federal investment quantum computing stock market reaction