Stock Track | D-Wave Quantum Soars 9.71% in Pre-Market on $100 Million U.S. Government Funding Initiative

Stock Track

05/22

D-Wave Quantum Inc.'s stock soared 9.71% in pre-market trading on Friday, continuing a multi-session rally for the quantum computing company.

The surge was driven by the announcement that the U.S. Department of Commerce plans to award D-Wave up to $100 million in funding under the CHIPS and Science Act. This investment is structured as an equity stake and is part of a broader $2 billion government push to advance quantum computing technology and secure U.S. leadership in the sector.

According to company statements, the funding will accelerate research and development of both annealing and gate-model quantum computing systems at D-Wave's facilities in the United States and Canada, potentially shortening commercialization timelines by several years. The news has catalyzed a significant rally across quantum computing stocks, with D-Wave's shares attracting strong investor interest following its inclusion in this landmark government program.

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