IBM (IBM) and shares of several quantum computing firms jumped Thursday after the U.S.
Commerce Department announced $2 billion in grants to advance the technology
The deals reportedly include equity stakes. IBM will receive $1 billion as part of the funding, which comes from the 2022 Chips and Science Act. The incentives will support research and development for a new… Related news Xanadu Profits Miss, Revenue Tops Estimates 5/14/2026 Xanadu posted a bigger-than-expected Q1 loss while revenue topped estimates as quantum computing stocks report mixed results this earnings period. 5/14/2026 Xanadu posted a bigger-than-expected Q1 loss while revenue topped estimates