The funding aims to boost US quantum computing, manufacturing capacity, and address key technical barriers in the sector.
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IBM stock surged over 11% on Thursday following a landmark announcement by the US Commerce Department detailing a $2 billion CHIPS and Science Act initiative to fund domestic quantum computing firms.
Quantum computing stocks surged after the Trump administration announced more than $2 billion (€1.7bn) in federal support for the sector. IBM received the largest investment and shares rose over 12% adding more than $27 billion (€23.2bn) in market capitalisation.View on euronews
Pure-play quantum stocks including D-Wave, Infleqtion, and Rigetti were also rising ahead of Friday’s opening bell.
FEATURE Stock futures pointed higher Friday as investors remained cautiously optimistic a deal to end the stalemate between the U.S. and Iran could be reached. These stocks were moving in premarket trading: Estee Lauder rose 10%.
↗️↘️Estee Lauder (EL): The U.S. cosmetics giant and Spanish beauty group Puig (ES:PUIG) said they have terminated discussions of a potential business combination, ending speculation that the two could create one of the world’s largest beauty companies.
A new company backed by International Business Machines Corp. (NYSE:IBM) is receiving a $1 billion U.S. government investment to establish America’s first quantum foundry, supporting Wall Street forecasts that IBM will be a central player in the global quantum industry. Validating The ‘Massive Upside’ This historic federal backing confirms Wedbush Securities analyst Dan Ives‘ thesis. Analyzing the tech sector’s trajectory, Ives told CNBC that IBM is a “sleeping giant” and praised its strategic d
According to a Stocktwits poll gauging investor interest in quantum stocks over the next five years, a majority of users were bullish on IONQ.
The Donald Trump administration announced $1 billion in grants to IBM to support its quantum foundry venture, and smaller grants to companies operating in the space, such as Rigetti Computing, D-Wave Quantum, and Infleqtion.
The U.S. government is putting quantum computing deeper into its strategic technology playbook, with more than $2 b...
The Trump administration said on Friday it would invest $2 billion in quantum computing stocks, with about half earmarked for IBM.
Rigetti Computing Inc. (NASDAQ:RGTI) is one of the 10 Stocks With Shocking Overnight Gains. Rigetti Computing climbed by 30.57 percent on Thursday to close at $22.04 apiece, as investors snapped up shares after the company earned the backing of the US government in support of developing quantum computers to solve some of the world’s most […]
Quantum Computing Inc. (NASDAQ:QUBT) is one of the 10 Stocks With Shocking Overnight Gains. Quantum Computing rallied for a second day on Thursday, jumping 19.35 percent to finish at $11.41 apiece, after earning the backing of the US government for the development of supercomputers in a bid to solve some of the world’s most pressing […]
IBM, ticker NYSE:IBM, secured a $1b grant from the U.S. government to build Anderon, the country’s first pure-play quantum chip foundry. The funding is part of a $2b package aimed at supporting U.S. leadership and security in quantum technologies. IBM will match the grant with $1b of its own capital, intellectual property, and staff, while the U.S. government will take an equity stake in the venture. For investors watching NYSE:IBM, this move comes with the stock recently closing at $252.97...
<p>The Trump administration plans to invest $2 billion in nine companies in the field of quantum computing, the U.S. Department of Commerce said Thursday. As with previous U.S. investments under Trump in firms including Intel and US Steel, the federal government will receive minority ownership stakes in the companies in return for the investments. </p> <p>Industrial technology giant IBM will receive $1 billion, the largest investment overall. IBM
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability. But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
Spaceships and quantum chips are becoming the latest objects of investors’ fascination—and the latest opportunity to exist in a world away from warning signs about U.S. consumers and fickle peace talks between the U.S. and Iran. Taken together, there is a sharpening contrast in markets between the wartime inflation surge and the promise of AI, aerospace, and emerging tech—which benefited Thursday from Nvidia strong earnings, federal investment in quantum computing and SpaceX’s leap toward the biggest IPO in history. “It’s really a dichotomy when you look at the consumer,” said Ken Mahoney, chief executive of Mahoney Asset Management.
(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz
(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz
Quantum sector ignites on $2B federal backing aimed at beating China in tech race
IBM is breaking into the quantum computing foundry business.
The Trump administration is expanding the government's burgeoning investment portfolio, announcing Thursday that it will award grants to nine quantum computing companies, including a new IBM venture, in exchange for equity stakes.
May 21 () - The Trump administration is ramping up efforts to secure U. supply chains for critical minerals and semiconductors by converting federal grants for companies into equity stakes, aimed at reducing reliance on China.
The U.S. Department of Commerce will invest $2 billion into quantum chip foundries and startups as the "Q-Day" Bitcoin threat nears.