D-Wave Quantum, Rigetti Computing, and Quantinuum have each finalized $100 million funding agreements with the U.S. Department of Commerce under the CHIPS and Science Act. The deals give the federal government minority equity stakes in all three companies.
The announcement pushed quantum computing stocks higher on Tuesday. D-Wave finished the session up 6.57%, Rigetti gained 4.01%, and Quantinuum rose 1.65%. Quantum Computing Inc. also climbed 2.62% on the day.
The gains came while the broader market struggled. The S&P 500 fell 0.58% and the Nasdaq slipped 0.12% during the same session.
The money is earmarked for research and development, not commercial contracts. That is an important distinction for investors trying to gauge the near-term financial impact.
The funding is designed to help companies like D-Wave and Rigetti work through the technical challenges of scaling their quantum systems. It is also aimed at expanding domestic quantum manufacturing capabilities and strengthening supply chains.
D-Wave CEO Dr. Alan Baratz said the award will help bring more powerful quantum systems to market and support the broader U.S. quantum supply chain.
The rally also spread to companies not directly involved in the funding. IonQ and Quantum Computing Inc. both posted gains, suggesting investors see the government support as a positive signal for the sector overall.
IonQ was not part of the $300 million package, but it had its own news on the same day.
At its September 8 Investor Day, the company raised its full-year 2026 revenue forecast to between $450 million and $460 million. That is up from its previous guidance of $280 million to $290 million.
The updated forecast includes revenue from SkyWater Technology, which IonQ acquired, covering the period from July 31 through the end of 2026.
IonQ also introduced the Superion 256, its sixth-generation quantum computing platform. The company said it has already built the first integrated 256-qubit processors at SkyWater and is now taking customer orders. Deliveries are planned for 2027.
Despite Tuesday’s gains, not all of these stocks have had a strong year. D-Wave and Rigetti shares are both down more than 25% since January. Quantinuum shares have dropped about 12% from their IPO price in June.
The next question for investors is how fast these funding deals and product launches turn into real commercial progress. For D-Wave and Rigetti, that means hitting the technical milestones tied to their federal agreements. For IonQ, the focus shifts to whether it can deliver on its much higher revenue target without putting pressure on margins.
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