The Trump administration is awarding $2 billion in grants to nine quantum-computing companies in deals that include the U.S. government taking equity stakes, the Wall Street Journal reported on Thursday, citing the Commerce Department. The department has agreed to give $1 billion of the package to IBM, while GlobalFoundries will receive $375 million, according to the report. The remaining firms, including D-Wave Quantum, Rigetti Computing and Infleqtion, are expected to receive $100 million each, while startup Diraq may receive $38 million, according to the WSJ report.
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D-Wave Quantum Inc (QBTS) reports a remarkable increase in bookings despite a significant drop in revenue, showcasing strong commercial momentum and strategic advancements in quantum computing.
D-Wave Quantum (NYSE:QBTS) reported a sharp increase in first-quarter bookings and said demand for its quantum computing systems has strengthened, even as revenue declined from a year earlier when results included a major system sale. On the company’s first-quarter 2026 earnings call, Chief Executi
Alan Baratz: Good morning, everyone, and thank you for joining us. As quantum computing attracts increasing investor attention, the sector is generating significant excitement but also significant noise.
Moby summary of D-Wave Quantum Inc.'s Q1 2026 earnings call
Shares of Quantum Computing Inc. fell 38% last year, but first-quarter earnings mark a shift in investor sentiment.
Shares of Quantum Computing Inc. fell 38% last year, but first-quarter earnings mark a shift in investor sentiment.