Quantum computing shares climbed as three major players landed $300 million in federal grants, while IonQ boosted its annual revenue forecast, defying a broader market downturn.
Quantinuum is seeing its stock price rise alongside industry peers after confirming it will receive $100 million in funding from the U.S. Department of Commerce. Like its peers, the company has agreed to provide the government with a minority, non-controlling equity stake in exchange for this capital.
Yes, Quantinuum confirmed that the Commerce Department will receive a minority, non-controlling equity stake as part of the funding deal.
Quantum computing stocks surged today as Rigetti, D-Wave, and Quantinuum each secured $100 million in government funding under the CHIPS and Science Act. The sector-wide rally was further bolstered by IonQ, which raised its full-year fiscal 2026 outlook following the acquisition of SkyWater Technology.
The government views quantum technology as critical for national security, economic resilience, and strategic leadership in fields like defense, biopharmaceuticals, and financial modeling.