Quantum Stocks Rally on $2 Billion Washington Move; QBTS, RGTI, INFQ Surge
D-Wave Quantum, Rigetti Computing, and Infleqtion shares each jumped over 30% Thursday after the U.S. Commerce Department announced $2 billion in preliminary CHIPS Act funding agreements for quantum firms. D-Wave, Rigetti, and Infleqtion each disclosed letters of intent for $100 million in proposed funding. IBM and GlobalFoundries also advanced on related news. Final awards and equity terms remain pending.