Dow Futures rose 0.07%, S&P 500 Futures fell 0.10%, Nasdaq Futures fell 0.21%, as sentiment leaned cautious with tech-heavy trading skewing defensive.

Quantum computing stocks rose, with Quantum Computing Inc. (QUBT) rising 6.45%, SEALSQ Corp rising 4.52%, IONQ Inc. rising 4.15%.

Quantum computing received another federal endorsement on Monday as the Trump administration signed two executive orders fast-tracking its development.

The first order calls for development of “the first-ever quantum computer powerful enough for scientific research,” which will be located in a national laboratory by 2028. The second accelerates the government’s migration to post-quantum cryptography by 2031.

D-Wave Quantum Inc. (QBTS) rose 7.23%. The move followed the launch of an error-aware gate-model simulator and a Mizuho target hike to $35 alongside a Rosenblatt $43 view.

Rigetti Computing (RGTI) rose 4.54%. It advanced on U.S. Commerce funding of roughly $100 million and continuing policy tailwinds for quantum programs.

IBM rose 4.50%. Shares gained after it joined OpenAI’s Daybreak Cyber Partner Program and unveiled an enterprise application-security service using OpenAI models.

Super Micro Computer (SMCI) rose 2.59%. The stock rallied after it introduced a high-performance computing data center solution built on Nvidia’s Vera Rubin platform.

SpaceX rose 1.28%. The rebound came as the company readied its first investment-grade bond sale and disclosed a multiyear AI compute agreement tied to its Colossus 2 data center.

Micron Technology (MU) rose 1.19%. The company cited a collaboration with Anthropic to optimize memory and storage for AI workloads, alongside an earnings preview pointing to sharply higher revenue and EPS.

Chip stocks fell, with STMicroelectronics NV (STM) falling 1.76%, Marvell Technology (MRVL) falling 1.57%, Direxion Daily Semiconductors Bull 3x Shares (SOXL) falling 1.53%, ARM Holdings falling 1.06%.