IBM, Quantum Stocks Jump After Trump Administration Awards $2 Billion
Technology IBM, Quantum Stocks Jump After Trump Administration Awards $2 Billion In 'Powerful Endorsement' Licensing RYAN DEFFENBAUGH Updated 04:43 PM ET 05/21/2026 IBM (IBM) stock and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals with nine total companies reportedly include equity stakes.
- ▪Technology IBM, Quantum Stocks Jump After Trump Administration Awards $2 Billion In 'Powerful Endorsement' Licensing RYAN DEFFENBAUGH Updated 04:43 PM ET 05/21/2026 IBM (IBM) stock and shares of several quantum computing firms jumped Thursd
- ▪Commerce Department announced $2 billion in grants to advance the technology.
- ▪The deals with nine total companies reportedly include equity stakes.
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Technology IBM, Quantum Stocks Jump After Trump Administration Awards $2 Billion In 'Powerful Endorsement' Licensing RYAN DEFFENBAUGH Updated 04:43 PM ET 05/21/2026 IBM (IBM) stock and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals with nine total companies reportedly include equity stakes. IBM will receive $1 billion as part of the funding, which comes from the 2022 Chips and Science Act.
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