MW Quantum stocks soar as Trump administration is reportedly buying in

By Tomi Kilgore

U.S. government to provide $2 billion in grants and takes stakes in quantum-computing companies, the Wall Street Journal reports

Quantum-computing companies' stocks jump after a WSJ report that the Trump administration is taking minority stakes in nine companies.

Shares of quantum-computing companies took flight in early Thursday trading, after the Trump administration reportedly struck deals with nine companies, including taking minority equity stakes.

IBM $(IBM)$ looks to be the big winner in the deal, as the technology giant is set to receive $1 billion, according to a report in the Wall Street Journal, to speed up the development of specialized chips for quantum computing. The stock shot up 6.5% in premarket trading, enough to pace the S&P 500 index's SPX gainers.

GlobalFoundries' stock $(GFS)$ surged 7.8% toward a four-year high, as the WSJ report said the chip maker's deal with the Trump administration includes $375 million in funding.

Other companies in line to get $100 million in funding, according to the Journal's report, were Infleqtion (INFQ), whose shares soared 22.4% ahead of Thursday's open; Rigetti Computing, whose stock (RGTI) jumped 13.2%; and D-Wave Quantum, which saw shares (QBTS) run up 16%.

Startup Diraq is set to get the smallest bit, at $38 million, the WSJ report said.

The Trump administration will take minority stakes in each of the companies, although the government didn't provide details of the size of each stake, the WSJ reported.

This would mark the latest move by the U.S. government to take stakes in companies to help them compete in businesses deemed important, such as investments in rare-earth companies MP Materials (MP) and USA Rare Earth (USAR) and chip maker Intel $(INTC)$.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 21, 2026 07:30 ET (11:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.