D-Wave Quantum Inc. (NYSE:QBTS) is hosting its first-ever Investor Day Monday against a politically charged backdrop: just 11 days ago, the Trump administration signed a Letter of Intent to invest $100 million in the company under the CHIPS Act — with the Department of Commerce set to receive an equity stake as a condition of the funding.
QBTS stock is moving. See the chart and price action here.
Something went wrong.
The deal, part of a broader $2 billion quantum computing initiative covering nine companies, drew an explicit endorsement from Secretary of Commerce Howard Lutnick, who called the investments a bid to lead “the world into a new era of American innovation.”
The government’s minority, non-controlling stake structure mirrors deals the Trump administration has struck across rare earths, semiconductors and energy — a widening industrial policy playbook now extended to quantum.
