QUBT Surges on $2B Federal Quantum Computing Funding Push

Benzinga reported Friday that shares of Quantum Computing, Inc. (NASDAQ: QUBT) surged nearly 20% in regular trading before adding further gains after the bell. The catalyst was news that the Trump administration intends to distribute approximately $2 billion to quantum computing firms through the CHIPS and Science Act.

A Broad Sector Rally Driven by Federal Dollars

QUBT closed the regular session up 19.35% at $11.41, then extended that move by an additional 5.78% in after-hours trading to reach $12.07. The stock was not identified as a direct funding recipient. Even so, investors lifted quantum-related names broadly on the expectation that federal dollars flowing into the sector would raise all boats.

Commerce Secretary Howard Lutnick argued the investments would cement American leadership in quantum technology while generating well-paid domestic jobs, according to Benzinga.

IBM and GlobalFoundries Among Expected Recipients

The CHIPS and Science Act, originally enacted in 2022 to rebuild domestic semiconductor capacity, is being tapped as the vehicle for these awards. IBM is expected to receive the largest single allocation of roughly $1 billion. GlobalFoundries is reportedly in line for approximately $375 million. The funding reflects a broader Washington push to reduce reliance on foreign suppliers for advanced computing infrastructure.

Also Read: What the CHIPS Act Means for Domestic Semiconductor Investment

Background: QUBT’s Volatile Year

Quantum Computing Inc. develops integrated photonics hardware and quantum optimization software. Its stated markets span cybersecurity, remote sensing and high-performance computing. The company carries a market capitalization of roughly $2.57 billion. Despite Thursday’s move, QUBT shares remain well below their 52-week high of $25.84. Over the prior twelve months the stock had actually declined approximately 5.5%, making the single-session surge a notable reversal of that trend. The stock is currently trading about 84% above its 52-week low of $6.18.

Also Read: GlobalFoundries and the Push for Domestic Chip Manufacturing

Wider Sector Signals

Elsewhere in the quantum space, QTREX Quantum Ltd. (NASDAQ: QTEX) disclosed Thursday that it is in late-stage talks with one of the five largest quantum computing companies globally over a potential hardware infrastructure partnership. That announcement added further momentum to the sector narrative heading into the weekend. With Washington now deploying significant capital toward quantum development, the race for domestic dominance in the technology appears to be accelerating.