IBM & Rigetti Computing

IBM: IBM will receive $1 billion from the United States — United States Department of Commerce and will invest an additional $1 billion to establish Anderon, America's first dedicated quantum chip manufacturing facility. Its shares gained nearly 4% at the open.

Rigetti Computing: Rigetti Computing signed a letter of intent with the United States — United States Department of Commerce for up to $100 million in funding to accelerate superconducting quantum computing R&D, which will help the company tackle scaling bottlenecks and advance commercialization. Its shares gained 12% following the announcement.

IBM: IBM Corp. received a significant funding award from the Commerce Department, indicating government support for quantum computing development.

Rigetti Computing: Rigetti Computing is cited as another quantum computing company whose stock has seen significant fluctuations, indicating the volatile nature of the sector.