Infleqtion (INFQ) shares surged 9.39% during overnight trading on Thursday, extending a significant rally in the quantum computing sector.

The sharp move was driven by the announcement that the U.S. Department of Commerce will award a $2 billion funding package to nine quantum-computing companies, with Infleqtion set to receive approximately $100 million. The funding, part of the CHIPS and Science Act, includes the government taking minority equity stakes in the selected firms to accelerate domestic development of quantum hardware and systems.

The initiative underscores the Trump administration's strategic push to bolster U.S. leadership in quantum technology, viewed as critical for economic competitiveness and national security. The sector-wide catalyst has fueled substantial gains across multiple quantum computing stocks throughout the trading day.