🟢 QUBT is trading 6.2% up today after $2B in CHIPS Act funding for quantum sector

QUBT is trading 6.2% up at $12.12 in pre-market action following news that the U.S. Department of Commerce earmarked $2.013 billion in CHIPS and Science Act funding for the quantum computing sector.

• The funding initiative includes provisions for the federal government to take minority equity stakes in quantum computing firms.
• Traders are positioning QUBT as a primary beneficiary of the government push, extending the stock's strong rally from the May 21 session.
• The move highlights increased investor interest in quantum technology as it receives strategic backing from the U.S. government.