Quantum Stocks Rally After U.S. Commerce Department Awards CHIPS Act Funding
Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) each received $100 million in funding under the CHIPS Act, with the government taking minority equity stakes. This news sent Rigetti's shares up by approximately 6% to $16.13 and D-Wave’s stock climbing about 5% to $17.46 on September 8, 2026. The funding is intended to accelerate quantum computing research at both companies—Rigetti for superconducting systems and D-Wave for annealing technology. The Defiance Quantum ETF (NASDAQ: QTUM) rose slightly by 1%, while the broader market as represented by SPY was down marginally, indicating a modest sector-specific rally. IonQ also raised its full-year revenue guidance to between $280 million and $290 million following the acquisition of SkyWater Technology. Despite today's gains, both Rigetti and D-Wave remain significantly below their year-to-date levels due in part to dilution risks from government equity stakes.
Tickers: $IONQ $QBTS $QTUM $QUBT $RGTI $SPY
Topics: CHIPS Act equity stakes government funding quantum computing stock rally