US Commits $2B to Quantum Grants; IBM Plans Annual Processor Designs
IBM•The U.S. Department of Commerce committed $2 billion in quantum computing grants across nine firms, sending pure-play names like D-Wave, IonQ and Rigetti up 12.2%-33.4% on Thursday. IBM’s head of research Jay Gambetta indicates the company will introduce new quantum processor designs annually.
1. $2 Billion Government Quantum Funding
The U.S. Department of Commerce has allocated $2 billion in grants to nine quantum computing companies, including equity stakes in several recipients. This injection of capital represents one of the largest federal commitments to quantum hardware and research initiatives to date.
2. Pure-Play Quantum Stocks Surge
Shares of D-Wave jumped 33.4%, Rigetti climbed 30.1% and IonQ gained 12.2% following the grant announcements. Short interest remains elevated for all three, with floats between 14.6% and 22.6%, suggesting continued volatility in the sector.
3. IBM's Quantum Development Timeline
IBM’s research chief Jay Gambetta has outlined a plan to roll out new quantum processor designs on an annual basis. This cadence aims to maintain IBM’s leadership position and address growing demand for advanced quantum capabilities.
4. Sector Outlook and Implications
The combination of significant government funding and robust share gains among pure-play rivals underscores rising investor interest in quantum technology. IBM may leverage this momentum to accelerate its own hardware roadmap and commercial partnerships.
