D-Wave, Rigetti and Quantinuum Each Get $100M in CHIPS Act Funding as U.S. Takes Equity Stakes
TLDR
- D-Wave, Rigetti, and Quantinuum each secured $100 million in CHIPS Act funding from the U.S. Department of Commerce
- The U.S. government will receive minority equity stakes in all three companies in exchange for the funding
- D-Wave shares rose 6.57%, Rigetti gained 4.01%, and Quantinuum climbed 1.65% on the news
- IonQ raised its 2026 revenue forecast to $450M-$460M and unveiled its new Superion 256 platform
- The broader market fell on the same day, with the S&P 500 down 0.58%
D-Wave Quantum, Rigetti Computing, and Quantinuum have each finalized $100 million funding agreements with the U.S. Department of Commerce under the CHIPS and Science Act. The deals give the federal government minority equity stakes in all three companies.
The announcement pushed quantum computing stocks higher on Tuesday. D-Wave finished the session up 6.57%, Rigetti gained 4.01%, and Quantinuum rose 1.65%. Quantum Computing Inc. also climbed 2.62% on the day.
The gains came while the broader market struggled. The S&P 500 fell 0.58% and the Nasdaq slipped 0.12% during the same session.
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