D-Wave Quantum Shares Rise After Commerce Department Announces $100 Million Stake
D-Wave Quantum Inc. shares climbed Monday, extending gains that exceed 35 percent since the U.S. Commerce Department awarded the company a $100 million CHIPS Act investment in May.
benzinga.comD-Wave Quantum Inc. S. Commerce Department awarded the company a $100 million stake through a CHIPS Act grant.
The Commerce Department announced the investment in May. The award formed part of the administration’s program to expand domestic semiconductor manufacturing and advance strategic computing technologies. Positive analyst forecasts contributed to Monday’s advance and lifted sentiment across the quantum computing sector, Benzinga reported.
The Nancy Pelosi Tracker account on X linked the stock’s performance to the government funding. “This is why we follow Trump’s trades too,” the account stated. ” The stock’s outperformance began immediately after the May disclosure and continued through the most recent session.
