Last week, we were writing about the sharp selloff in quantum stocks. Now, the same group is back in rally mode after the Trump team moved to back the space with $2 billion in CHIPS Act funds. That quick turn shows just how fluid the quantum space is. However, it also sends a clear signal that the U.S. sees quantum as a key tech race and wants to lead it.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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The U.S. Department of Commerce has signed letters of intent to award funds to nine quantum firms, with the deals also set to give the U.S. government small equity stakes in each company. The move is rare, but it fits a wider push by the Trump team to take direct stakes in key tech and supply chain firms.
International Business Machines (IBM), a tech and cloud giant with a large quantum research arm, is set to receive the largest share of the package. IBM is in line for $1 billion, and the company plans to match that with another $1 billion of its own money. The funds will support a new IBM business called Anderon, which the company says will be “America’s first pure play quantum foundry.”
