Quantum Stocks Soar as U. S.
Reportedly Plans $2 Billion 'Award' and Taking Equity Stakes The recent reports of a $2 billion grant package from the US government to nine quantum computing firms have sent shockwaves through the tech industry, with shares of IBM and other recipients skyrocketing in premarket trading.
The Commerce Department's investment is touted as a major boost for American innovation and competitiveness. The biggest beneficiary appears to be IBM, which will receive $1 billion in funding.