The U.S. Department of Commerce has finalized separate $100 million CHIPS and Science Act funding agreements with D-Wave Quantum, Rigetti Computing, and Quantinuum, locking in a combined $300 million package for next-generation quantum computing research and development.
Under the deals, the federal government will receive minority, non-controlling equity stakes in all three companies. D-Wave said its award will support development of a 100,000-qubit annealing system and a 10,000-qubit gate-model quantum system, with target applications including optimization, materials simulation, blockchain and artificial intelligence. Rigetti will continue scaling superconducting quantum systems, while Quantinuum also received the same funding amount.
The announcements lifted quantum stocks on Tuesday even as broader markets fell. D-Wave rose 6.57%, Rigetti gained 4.01%, Quantinuum climbed 1.65%, and Quantum Computing Inc. added 2.62%. The S&P 500 slipped 0.58% and the Nasdaq dipped 0.12%. D-Wave shares remain technically weak, trading below their 20-day and 200-day simple moving averages, though analysts maintain a Buy consensus with an average price target of $38.78.
Separately, IonQ raised its 2026 revenue forecast to between $450 million and $460 million, up from $280 million to $290 million, and introduced its Superion 256 quantum computing platform. The company said it has built the first integrated 256-qubit processors at SkyWater Technology and is now taking customer orders for delivery in 2027.
