Quantum stocks rise after up to $100 million CHIPS awards
08/09/2026 16:55
BUZZ-Quantum stocks rise after up to $100 million CHIPS awards Updates
** Shares of quantum computing companies advance after Rigetti, D-Wave and Quantinuum each secure definitive agreements for up to $100 million in U.S. CHIPS Act funding
** Rigetti Computing RGTI.O up 7.2%, D-Wave Quantum QBTS.O up 9.7%, Quantinuum QNT.O up 5.9%
** Infleqtion INFQ.N up 11.7%, Defiance Quantum ETF QTUM.O up 1.5%
** IonQ IONQ.N up 9.6%, also aided by strong forecasts
** The U.S. Department of Commerce will receive a minority, non-controlling equity stake in Rigetti and D-Wave as a condition of the awards
** Funding aimed at accelerating quantum computing R&D and bolstering U.S. leadership in the technology
** Including session's moves, RGTI down 31.4% YTD, QBTS down 30.9% YTD
(Reporting by Darshan Kumar in Bengaluru)