🟢 QUBT is trading 5% up today after the U.S. Department of Commerce announced $2 billion in CHIPS Act funding for quantum firms

QUBT is trading up 5% at $11.94 in after-hours trading after the U.S. Department of Commerce announced $2.013 billion in CHIPS and Science Act funding for the quantum computing sector.

• The federal government will provide capital to nine quantum companies, taking minority equity stakes to bolster domestic technology leadership.
• The move extends a strong 19.35% gain seen at the May 21 close as the market reacts to the landmark federal investment program.
• Investors are bidding up QUBT on expectations that the company will be a primary beneficiary of this significant government capital infusion.