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Quantum computing stocks surged on Thursday after news of a major investment from the White House.
The US Department of Commerce is awarding $2 billion in grants to quantum computing firms.
KEY POINTS
- About half of the $2 billion will go to IBM, according to The Wall Street Journal.
- GlobalFoundries will receive $375 million, while D-Wave, Rigetti, and Infleqtion get $1 million each.
- Infleqtion led quantum sector stocks with a 23% surge after the investment announcement.
- In October 2025, the White House considered taking equity stakes in quantum computing companies.
COMPANIES
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