Quantum stocks Rigetti and D-Wave jump after US Commerce takes equity stakes via CHIPS Act funding.

The US Commerce Department took minority equity stakes in quantum computing firms Rigetti and D-Wave as part of $100 million CHIPS Act funding awards to accelerate their quantum research. Rigetti's shares rose 6% and D-Wave's climbed 5%, reflecting investor optimism despite both stocks being down year-to-date. The funding supports projects to scale quantum hardware, with Rigetti targeting 1,000-qubit systems and D-Wave aiming for 20,000 qubits by 2029. Investors should watch progress milestones and consider dilution risks tied to government ownership while noting the sector's volatility.