Infleqtion's stock soared 12.88% during intraday trading on Friday, continuing a significant rally in the quantum computing sector.

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

The policy catalyst has triggered a sector-wide rally, with multiple quantum computing stocks posting substantial gains. The funding underscores the administration's strategic push to bolster U.S. leadership in what is viewed as a critical technology for economic competitiveness and national security.