Quantum Stocks Rally as Commerce Department Takes Equity Stakes: Rigetti Surges 6%, D-Wave Climbs 5%
The awards give each company $100 million and leave the government with minority stakes as quantum hardware development accelerates.
5 Articles
5 Articles
The United States government will take minority equity shares in D-Wave Quantum, Rigetti Computing and Quantinuum through a joint package of US$ 300 million funded by the CHIPS Act, with the aim of accelerating research and scale gain in quantum computing. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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BizTocQuantum Stocks Rally as Commerce Department Takes Equity Stakes: Rigetti Surges 6%, D-Wave Climbs 5%
The post Quantum Stocks Rally as Commerce Department Takes Equity Stakes: Rigetti Surges 6%, D-Wave Climbs 5% appeared first on 24/7 Wall St.. Quantum computing stocks are rallying this morning after the U.S. Commerce Department finalized CHIPS Act funding awards that hand the government minority, non-controlling equity stakes in each recipient. The catalyst applies to two specific funded names, and the wider quantum sector is barely participati…
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