The Trump administration awarded $1 billion to IBM as part of a broader $2 billion federal quantum initiative. IBM will contribute an additional $1 billion to establish Anderon, a new processor-manufacturing subsidiary.
IBM shares surged 12.4% following the announcement. This gain represents the stock's largest single-day increase in over a year. GlobalFoundries shares rose 15% during the subsequent market rally. D-Wave Quantum stock soared 33% as the entire quantum sector climbed.
Nvidia’s venture arm, NVentures, separately announced a strategic investment in French startup Alice & Bob. The funding supports integrating Alice & Bob’s error-resistant cat qubit architecture with Nvidia’s GPU-accelerated computing ecosystem.