Movement Alert｜D-Wave Quantum Inc. Rises 5.01% in After-Hours Trading, Quantum Sector Boosted by IBM CHIPS Act Funding

On September 22, D-Wave Quantum Inc. rose 5.01% in after-hours trading, trading at $18.42/share, with turnover of approximately $15.31 million.

On the news front, the quantum computing sector received a fresh wave of positive sentiment after IBM's quantum subsidiary Anderon finalized a $1 billion grant agreement with the U.S. Department of Commerce under the CHIPS and Science Act. The funding will support a 12-inch quantum-dedicated wafer fab in New York, with IBM matching the investment with an additional $1 billion. The U.S. government has now committed approximately $2 billion across nine companies to develop domestic quantum capabilities.

Notably, D-Wave Quantum itself has been a direct beneficiary of the same program. Earlier in September, the company finalized its own agreement with the Commerce Department for up to $100 million in CHIPS Act funding to accelerate development of its annealing and gate-model quantum technologies targeting 100,000 and 10,000 qubits respectively. The continued flow of government capital into the quantum ecosystem reinforces the sector's long-term growth trajectory. D-Wave has also secured key commercial partnerships in recent months, including expanded collaboration with AT&T and a new agreement with Nasdaq Verafin for financial crime detection applications.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)