U.S. Government Announces $2 Billion Investment in Quantum Computing Companies
The U.S. government announced it will provide $2 billion in grants to nine quantum computing firms under the CHIPS and Science Act, sparking a surge in stock prices for companies like IBM, D-Wave, Infleqtion, and Rigetti. The National Institute of Standards and Technology (NIST) said it would take minority stakes in each company as part of its effort to strengthen America's position in quantum technology.
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Topics: CHIPS and Science Act quantum computing stock market reaction U.S. government grants