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Infleqtion received three Department of Energy research projects and led gains among the companies tied to the initiative.
Stocks looked set to rise again on Wednesday, building on gains from the previous session that were powered by a solid start to the second-quarter earnings season and cooler-than-expected inflation data. Nasdaq 100 futures added 0.4%. Dow Jones Industrial Average futures rose 81 points, or 0.2%.
Federal Orders Renew Momentum Across the Quantum SectorQuantum-computing stocks moved higher in after-hours trading on Monday after U. S.
U.S. stocks rose in early Thursday trading, rebounding from the previous session’s Fed-driven selloff as falling oil prices and optimism surrounding the Iran peace deal boosted investor sentiment.
IBM stock jumped in morning trading, adding oomph to a big rally that started with a $1 billion award from the federal government for quantum computing late last month. On Monday, analysts with Barclays initiated coverage of IBM stock with a buy rating. IBM stock climbed more than 8% to 323.74 in morning trades on the stock market today.
IBM stock climbed Thursday as the tech giant pledged to invest more than $10 billion over five years in its quantum computing efforts. The news comes a week after a $1 billion award from the federal government for quantum computing gave IBM shares a major jolt. The $10 billion toward includes research and development funds, capital expenditures and mergers and acquisitions, IBM said in a filing with the Securities and Exchange Commission.
Quantum sector ignites on $2B federal backing aimed at beating China in tech race
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.
Several quantum computing stocks rallied Thursday on expectations of deals that will see the federal government take stakes in the firms.
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