The U.S. Department of Commerce will invest $2 billion into quantum chip foundries and startups as the "Q-Day" Bitcoin threat nears.
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The Trump administration is awarding $2 billion in CHIPS Act grants to nine quantum computing companies, with IBM getting $1 billion and the government taking equity stakes across the group.
Several quantum computing stocks rallied Thursday on expectations of deals that will see the federal government take stakes in the firms.
Shares of International Business Machines (NYSE:IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don’t have the same rocket fuel today. Oracle (NYSE:ORCL), Cisco Systems (NASDAQ:CSCO), and Hewlett Packard Enterprise (NYSE:HPE) are providing mixed results and falling behind IBM stock. The setup is striking because IBM stock has been the ... IBM Rallies 8% While Oracle, Cisco, HPE Drift: Is the Laggard Finally Bouncing?
Quantum stocks rose as the Trump administration announced it is giving out grant money for research and development projects in exchange for company stakes.
Shares in International Business Machines Corp (NYSE:IBM) jumped 6.4% on Thursday, helping pull the Dow Jones out of early losses after the White House agreed to support a new quantum chip manufacturing venture with $1 billion of funding. The Department of Commerce confirmed it had signed a...
The US Department of Commerce is awarding $2 billion in grants to American quantum-computing companies, half of which will go to IBM, in a bid to bolster the buildout of super computers that could solve some of the world’s most pressing problems.
(Updates with stock movement in the last paragraph.) IBM (IBM), GlobalFoundries (GFS) and D-Wave
Shares of several quantum computing companies surged in U. S.
Trump administration awards $2 billion to nine quantum firms and takes minority equity stakes in each recipient.
The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.
IBM stands to receive $1 billion of the package, which covers nine companies and is funded by the 2022 Chips and Science Act
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
IBM and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals reportedly include equity stakes.
IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) are among the major quantum companies set
The US government will take equity stakes worth a total of $2bn in a slew of quantum computing companies, including a start-up backed by a firm...
A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package.
IBM says it plans to create ‘America’s first pure-play quantum foundry’ in collaboration with the Commerce Department.
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
IBM (NYSE:IBM) shares climbed 6. 6% on Thursday after the U.
The Trump administration is awarding $2 billion in grants to nine quantum-computing companies in deals that include the U.S. government taking equity stakes, the Wall Street Journal reported on Thursday, citing the Commerce Department. The department has agreed to give $1 billion of the package to IBM, while GlobalFoundries will receive $375 million, according to the report. The remaining firms, including D-Wave Quantum, Rigetti Computing and Infleqtion, are expected to receive $100 million each, while startup Diraq may receive $38 million, according to the WSJ report.
Nvidia stock fell late despite strong earnings. Elon Musk's SpaceX released its filing for a mammoth IP. Stocks rallied Wednesday as oil prices dived on Iran hopes.
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