US Stock Market Move | Collective outbreak of quantum computing concept stocks as Infeqtion (INFQ.US) surges over 40%

On Thursday, concept stocks related to quantum computing collectively surged. Infeqtion (INFQ.US) soared over 40%, D-Wave Quantum (QBTS.US) and Rigetti Computing (RGTI.US) rose more than 22%, Arqit Quantum (ARQQ.US) and Quantum Computing (QUBT.US) increased over 15%, IonQ (IONQ.US) went up over 11%, and IBM (IBM.US) rose over 5%. In terms of news, it was reported that sources revealed the Trump administration is granting a total of $2 billion in funding to nine quantum computing companies, with the U.S. government holding equity in these companies. The U.S. Department of Commerce has agreed to allocate $1 billion of this funding to IBM, and Graphcore (GFS.US) will receive $375 million. The remaining companies like D-Wave Quantum, Rigetti Computing, and Infeqtion are expected to each receive $100 million, while the startup company Diraq may receive $38 million.