Quantum Computing Stocks Rally Broadly; IBM Surges Over 5%

Stock News05-28

On Thursday, quantum computing concept stocks broadly advanced, with IBM (IBM.US) rising more than 5%. Infeqtion (INFQ.US) gained nearly 4%. Rigetti Computing (RGTI.US), D-Wave Quantum (QBTS.US), Quantum Computing (QUBT.US), and IonQ (IONQ.US) all increased by over 3%. According to reports, IBM stated it plans to invest over $10 billion in the quantum computing field over the next five years, with the goal of building the first large-scale quantum computer capable of reliably and error-free performing complex calculations by 2029. The previous administration's decision last week outlined a plan to invest a total of $2 billion to acquire equity stakes in nine quantum computing companies. Among these, IBM is set to receive half of the funds for developing a new project named "Anderon," which will become the United States' first dedicated quantum chip manufacturing base. IBM indicated that its new investment will cover R&D expenditures, capital expenditures, ecosystem partnerships, manufacturing capacity expansion, and merger and acquisition activities. To date, the company has deployed over 90 quantum computing systems, a number that exceeds the combined total of all other participants in the industry.

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