What's Going On With Infleqtion Stock Thursday?
Infleqtion (NYSE: INFQ) stock rose nearly 5% after NASA awarded a $20M contract for space-based quantum sensors.
Stocks · News reference
Rigetti Locks in $100 Million US Funding Deal, and Washington Gets an Equity Stake
Rigetti Computing (RGTI) stock jumped 6% premarket after securing $100M in U.S. CHIPS Act funding for quantum computing R&D. Read more.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
What's Going On With Infleqtion Stock Friday?
Infleqtion (INFQ) stock surged nearly 10% on Friday, outperforming tech. Explore technical analysis, analyst ratings, and price targets.
Why Is Infleqtion Stock Falling Tuesday?
Infleqtion (NYSE: INFQ) updates Q2 results and full-year outlook. See key technical support and resistance levels for INFQ stock.
Why CoreWeave Stock Soared 12% Today
CoreWeave shares gained 12% today despite no company-specific news, benefiting from a broader rally in the AI infrastructure sector. The gains were driven by Nebius's partnership announcement with Palantir, Department of Commerce investments in quantum computing companies, and Intel's processor price increase announcement. CoreWeave remains a volatile, high-risk stock with rapid revenue growth but massive losses due to heavy capital expenditures and debt servicing.
Why D-Wave Quantum Stock Popped Today
D-Wave Quantum received up to $100 million in funding from the U.S. Department of Commerce under the CHIPS and Science Act, causing its stock to rise 10.86%. However, the government also awarded similar $100 million grants to rival quantum companies Quantinuum and Rigetti Computing. GlobalFoundries received the largest award at $375 million, suggesting it may be the government's preferred champion rather than D-Wave.
Why Rigetti Computing Popped Today
Rigetti Computing's stock surged up to 12.2% after securing $100 million in CHIPS Act funding from the Department of Commerce to advance superconducting quantum computing research. The government will receive a minority, non-controlling equity stake in the company. While the funding is a positive development for the quantum computing sector, Rigetti remains speculative as it generates minimal revenue ($5.1 million in Q2) and quantum computing is still an emerging technology.