IBM, GFS, RGTI, QBTS, INFQ Stocks Soar After Trump Admin’s $2B Quantum Funding Push In Exchange For Equity Stakes: Report

• According to the report, IBM will account for half of the $2 billion in grants awarded by the Trump administration.
• GlobalFoundries will receive $375 million, while other companies will get $100 million each, except Diraq, which will receive $38 million.
• In exchange, the U.S. government will receive a minority stake in each of the nine companies receiving the grants.

Shares of quantum computing companies, Rigetti Computing Inc. (RGTI), D-Wave Quantum Inc. (QBTS), and Rigetti Computing Inc. (RGTI) soared in Thursday’s pre-market trade after a report stated that the Trump administration is awarding $2 billion in grants.

According to a report by The Wall Street Journal, the U.S. Department of Commerce will award the grants to nine quantum computing companies in deals that also include U.S. government equity stakes.

“The award would accelerate D-Wave’s ability to scale quantum innovation domestically, expedite key fabrication processes, and deliver real-world quantum applications to our global customers today,” said D-Wave CEO Alan Baratz.

IBM shares were up more than 7% at the time of writing, while GlobalFoundries, Rigetti, D-Wave Quantum, and Infleqtion were up between 10% to 20%.

Who Gets How Much?

According to the report, IBM will account for half of the total $2 billion grants being awarded by the Trump administration.

GlobalFoundries will receive $375 million, while other companies will get $100 million each, except Diraq, which will receive $38 million.

In exchange, the U.S. government will receive a minority stake in each of the nine companies receiving the grants.

“The Trump administration is leading the world into a new era of American innovation,” U.S. Secretary of Commerce Howard Lutnick said, according to the report.

IBM, Commerce Department Announce Quantum Foundry

IBM and the Commerce Department also announced a quantum chip foundry named Anderon.

Alongside the $1 billion in CHIPS funding, IBM will invest $1 billion in cash, intellectual property, assets, and talent into Anderon. Based in Albany, New York, Anderon will operate a 300-millimeter quantum wafer foundry.

Deal Similar To INTC

The quantum computing grant deal is similar to the one struck by the Trump administration with chipmaking giant Intel Corp. (INTC) in August 2025. The U.S. government picked up a 10% stake in Intel in exchange for an $8.9 billion investment.

INTC stock has gained 380% since the Trump administration’s deal.

The administration has also struck similar deals with rare earth companies, including USA Rare Earth Inc. (USAR) and MP Materials Corp. (MP) in January this year.

IBM stock and RGTI stock are down 24% year-to-date. INFQ stock is down 22% and QBTS stock is down 26%, while GFS stock is up 103% during this period.

Also See: TE Stock On Track For Best Single-Day Gains In 7 Months — Analyst Dismisses Short Seller Report, Recommends Investors To Buy The Dip

For updates and corrections, email newsroom[at]stocktwits[dot]com.