finance
Quantum Computing Stocks Rise After U.S. Government Announces $2 Billion Investment
Shares of several quantum computing companies increased following a U.S. government funding announcement. Short interest in the sector also rose amid questions about valuations.
May 23, 6:26 PM·1m read1 source
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U.S. government announced a $2 billion investment in the sector. The funding targets IBM and other firms including Rigetti, GlobalFoundries, and D-Wave Quantum. IONQ shares rose more than 145 percent from their March low. Rigetti Computing shares increased 110 percent, while D-Wave Quantum and Quantum Computing Inc. each more than doubled during the same period.
Short interest in quantum computing stocks rose alongside the price gains. The increase occurred as some market participants questioned current valuations. NVIDIA previously invested in several quantum computing companies and now holds stakes in Quantinuum, PsiQuantum, and QuEra Computing.
4 billion and an unspecified upper range. The same report projected continued growth as the technology advances.
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