Shares of Infleqtion Inc. (NYSE:INFQ) surged 25.4%, while D-Wave Quantum Inc. (NYSE:QBTS), Rigetti Computing Inc. (NASDAQ:RGTI) surged 17.65% and 14.58%, respectively, in Thursday’s pre-market trading session, amid reports that the Trump administration has announced a $2 billion investment in nine quantum computing companies.



The Commerce Department will also reportedly acquire equity stakes in each of these firms as part of the deal, as per the report.



Quantum Computing Inc. (NASDAQ:QUBT) and IONQ Inc. (NYSE:IONQ) also climbed 13.49% and 7.67%, respectively.



The U.S. government is fast-tracking its plans to stimulate the burgeoning quantum computing sector, reported the Wall Street Journal on Thursday. 



IBM (NYSE:IBM), a quantum computing frontrunner, is set to receive half of the funding amounting to $1 billion. Chip manufacturer GlobalFoundries (NASDAQ:GFS) will receive $375 million, while the remaining firms, including D-Wave Quantum, Rigetti Computing, and Infleqtion, will each receive $100 million. Startup Diraq is slated for a $38 million investment. 



Global Foundries and IBM shares climbed 14.79% and 6.69%, respectively, in the pre-market trading session.



The Commerce Department did not immediately respond to Benzinga‘s request for comments. 



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<h2>US Chips Act Funds Quantum Stakes</h2>



This reported financial injection is part of the Trump administration’s strategy to harness the transformative potential of quantum computing for scientific research, prioritizing it for economic and national security. The funding is sourced from the 2022 Chips and Science Act, which also allocates funds for early-stage technology projects.



The government will take minority equity stakes in each quantum-computing company, similar to past deals with companies like Vulcan Elements and MP Materials (NYSE:MP), though the Commerce Department has not revealed the size or structure of those stakes, as per the report. 



The move follows similar reports in October about the Trump administration talking with several U.S. quantum computing firms to exchange federal funding for government equity stakes. Initial grants were expected to start at around $10 million per company, with firms such as Quantum Computing Inc. and Atom Computing reportedly evaluating similar arrangements.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Image via Shutterstock



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Shares of Infleqtion, D-Wave Quantum, and Rigetti Computing surged in pre-market trading following the Trump administration's announcement of a $2 billion investment in quantum computing firms. Infleqtion's shares rose 25.4%, D-Wave's by 17.65%, and Rigetti's by 14.58%. The funding aims to stimulate the quantum sector, with IBM receiving $1 billion and other firms getting $100 million each. This investment is part of the 2022 Chips and Science Act, which also includes minority equity stakes in these companies.

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Infleqtion

Rigetti Computing

D-Wave Quantum

Defiance 2X Daily Long Pure Quantum ETF

Tradr 2X Long QBTS Daily ETF

Quantum Computing

IonQ

GlobalFoundries

MP Materials

INFLEQTION INC C/WTS 17/02/2031 (TO PUR COM)

D-WAVE QUANTUM INC C/WTS 05/08/2027 (TO PUR COM)

Rigetti Computing - CW27

IONQ INC C/WTS 30/09/2026 (TO PUR COM)

Why Are Infleqtion, D-Wave Quantum, Rigetti Computing Shares Surging In Thursday Pre-Market?