The US Commerce Department allocated $2.013 billion in federal incentives to boost domestic quantum manufacturing, mainly benefiting five key companies: GlobalFoundries, IBM, Rigetti Computing, D-Wave Quantum, and Quantinuum. GlobalFoundries and IBM received the largest shares, with IBM planning a $10 billion investment in quantum tech over five years. These incentives aim to accelerate quantum technology from prototypes to mass production, with the government taking minority equity stakes in return. This move highlights a strategic push to dominate quantum computing manufacturing, presenting significant growth opportunities for investors in these firms.
International Business Machines (IBM) is set to report its third-quarter earnings with analysts expecting earnings per share of $2.87 and revenue of $16.84 billion, both increases from the previous year. Susquehanna has maintained a Neutral rating on...
SpaceX could offset losses from rockets and AI if it captures just 1% of the phone market, with business and government revenue growing faster than consumer sales. Tesla benefits from rising gas prices, which act as a stronger incentive than the EV t...
