IBM (IBM) stock rallied for a second day on new of a $1 billion award from the U.S. government to support the tech giant’s quantum business.
The award was part of $2 billion the government is awarding to nine quantum companies through deals that include equity stakes
The news set off a quantum stocks rally. The investment in IBM will… Related news IBM, Quantum Stocks Jump After Trump Administration Awards $2 Billion In ‘Powerful Endorsement’ 5/21/2026 The Trump administration is placing $2 billion toward government grants. 5/21/2026 The Trump administration is placing $2 billion toward government grants