By Fiona Craig
Publication Date: 2026-05-21 10:42:00
IBM (NYSE:IBM) shares climbed 6.6% on Thursday after the U.S. Commerce Department announced that the company would receive US$1 billion in government funding to accelerate the development of quantum computing technology.
The grant forms part of a broader US$2 billion funding package allocated to nine quantum computing companies, according to a report by The Wall Street Journal. The agreements reportedly include equity stakes for the U.S. government and mark an acceleration of the Trump administration’s strategy to support the emerging quantum computing sector.
IBM is considered one of the leading companies in the global race to develop computers capable of using quantum mechanics to solve complex problems significantly faster than traditional supercomputers.
Combined with advances in artificial intelligence, quantum computing is widely viewed as having the potential to transform scientific research and technological innovation, making it both…
