Quantum stocks explode after Uncle Sam wants in
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Photo: An IBM Quantum System One, taken at the ThinkLab of IBM’s TJ Watson Research Center in Yorktown Heights, New York – May 22, 2024. Photo credit: OJB Quantum via Wikimedia Commons. CC BY 4.0 (photo was cropped). Article by Sam Klebanov. Morning Brew – May 22, 2026.
The US government is bankrolling a type of computer even your nerdiest friend can’t build at home. The Trump administration said yesterday that it plans to invest $2 billion in several quantum computing companies in exchange for equity stakes. It’s the most significant government boost yet for the experimental tech with the potential to speed up computing. Federal dollars will flow to nine companies, including the publicly traded IBM, D-Wave, Rigetti Computing, and Infleqtion. Their shares jumped as much as 31% on the news. […]
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