Sep. 8 at 1:53 PM
$QBTS Quick note on QBTS for anyone watching. Shares near 17.99, up about 8.69 percent today.
You can trace this one straight to Washington. The U.S. Commerce Department finalized CHIPS Act funding for D Wave today, up to 100 million dollars, on the same structure it gave Rigetti earlier in the session.
Here's the part you'll want to know before getting too excited. This comes with strings attached, since the government takes a minority, non controlling equity stake as part of the deal.
Think of it as fresh capital with a small ownership tradeoff built in.
Sector wide, quantum names are moving together on this news, not just D Wave, so some of today's pop reflects group sentiment rather than something unique to this stock alone.
Still down meaningfully year to date, so context matters if you're deciding whether to chase this move.
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