D-Wave Quantum Secures $100M CHIPS Act Funding, Shares Surge 33%
D-Wave Quantum rose 33.37% after securing a $100 million letter of intent under the CHIPS and Science Act, exchanging $100 million of equity with the U.S. Department of Commerce. It placed second in a poll with 25% of votes among nine U.S. quantum firms after the $2.013 billion equity allocation.
1. CHIPS Act Letter of Intent
D-Wave Quantum received a letter of intent under the CHIPS and Science Act for $100 million in funding, agreeing to issue $100 million of equity to the U.S. Department of Commerce once closing conditions are satisfied.
2. Stock Surge on Funding News
D-Wave Quantum shares jumped 33.37% in one session, marking one of the largest daily gains among U.S. quantum computing firms as investors celebrated federal backing.
3. Retail Bullishness Ranking
In a retail poll on nine U.S. quantum companies following the $2.013 billion federal equity allocation, D-Wave claimed second place with 25% of votes, trailing IonQ’s 30% but ahead of Rigetti and Infleqtion.