Infleqtion Inc

INFQ

Market cap $3.57B

The U.S. plans to invest $2 billion in nine quantum computing companies. That spending could drive more retail and institutional investors to the niche market.

As enthusiasm abounds for quantum computing, Moody's cautions that the rise of ultra-powerful systems could upend the financial sector.

The Department of Commerce plans to provide $2.013 billion in federal incentives to nine companies to support and accelerate their development of quantum computing.

The U.S. Department of Commerce award $2 billion in grants to quantum computing companies. It will award $0 of grants to Quantum Computing Inc.

The U.S. Department of Commerce will award Infleqtion $100 million to research error correction in neutral-atom-based quantum computers. That's enough money to keep Infleqtion alive nearly four more years.

New federal quantum computing funding plans propelled this quantum specialist higher, today, May 21, 2026.

The Trump Administration plans to award $2 billion in grants and take equity stakes in nine quantum computing companies. Despite having the best name in the industry, Quantum Computing stock is not one of them.

Infeqtion Inc. (NYSE:INFQ) shares are trading higher Thursday after the company announced it signed a Letter of Intent with the U.S. Department of Commerce's CHIPS Research and Development Office for $100 million in proposed funding to accelerate development of neutral-atom quantum systems.

Quantum-computing stocks surged in premarket trading on Thursday after a Wall Street Journal report said the Trump administration plans to award roughly $2 billion in grants to nine quantum technology companies, marking one of the biggest government pushes yet into the emerging industry. Shares of IBM (IBM) rose about 7% before the opening bell, while GlobalFoundries jumped roughly 14%.

The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.