The US government is taking equity stakes totaling $2 billion in nine quantum computing companies, and the stock market noticed immediately.
The Commerce Department confirmed letters of intent with firms including IBM and GlobalFoundries. IBM lands the biggest slice at $1 billion, while GlobalFoundries picks up $375 million. Both stocks jumped over 6 percent in pre-market trading after the news dropped.
D-Wave Quantum had the wildest reaction, spiking more than 20 percent. The company was taken public in 2022 by Emil Michael, who now holds a senior Pentagon position. Another recipient is a startup connected to a firm with reported ties to the Trump family.
The announcement is already moving quantum computing stocks across the board, putting the sector firmly back on investor radar. This is federal money, federal equity, and a very loud signal about where Washington thinks the future of technology is heading.
Source: Original Article
