D-Wave, Rigetti and other quantum stocks jump as Trump administration doles out $2 billion in exchange for equity stakes
Key takeaways
- IBM was up more than 7% while the others rose more than 20%.
- What’s behind the move: The companies announced they signed letters of intent with the Department of Commerce to receive money for research and development projects.
- The dole-out is part of a government initiative to distribute $2 billion in grants to nine quantum related firms in exchange for a minority stake in those companies, according to the Wall Street Journal.
D-Wave, Rigetti and other quantum stocks jump as Trump administration doles out $2 billion in exchange for equity stakes Ines Ferré · Senior Business Reporter Thu, May 21, 2026 at 9:49 PM GMT+7 1 min read IBM QBTS RGTI INFQ What happened: Quantum-related stocks IBM (IBM), D-Wave Quantum (QBTS), Rigetti Computing (RGTI) and Infleqtion (INFQ) jumped on Thursday. IBM was up more than 7% while the others rose more than 20%.
What’s behind the move: The companies announced they signed letters of intent with the Department of Commerce to receive money for research and development projects.
The dole-out is part of a government initiative to distribute $2 billion in grants to nine quantum related firms in exchange for a minority stake in those companies, according to the Wall Street Journal.