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The U.S. Government Is Investing $2 Billion in the Quantum Computing Space, But Did It Miss the Best Stock to Buy? | The Motley Fool
Fool.com and 1 more
- The U.S. government will invest over $2 billion in quantum computing firms under the CHIPS and Science Act, with the Commerce Department taking equity stakes.
- IBM and its partners plan the largest grant, with Anderon expected to receive $1 billion in incentives and IBM contributing another $1 billion.
- GlobalFoundries is set to receive $375 million in incentives to expand domestic quantum manufacturing and will have a about 1% equity stake held by the Commerce Department.
- Seven other quantum firms, including Rigetti, D-Wave Quantum, and Infleqtion, will receive equity investments.
- IonQ is conspicuously absent from the government’s investment list, despite IonQ’s SkyWater Technology deal.
- IonQ’s potential advantage stems from acquiring SkyWater Technology, making it a vertically integrated quantum computing company.
- IonQ’s technology, especially trapped ion qubits, is highlighted as highly accurate, with 99.99% two-qubit gate fidelity cited.
- The Motley Fool notes IonQ’s stock movement tied to government funding, but says it isn’t as strong as the pure-play quantum stocks.
- The article mentions further Fool coverage and stock recommendations related to IonQ and other quantum stocks.
- The piece notes the government’s broader aim to boost domestic chip manufacturing via quantum tech incentives.
- The report situates these actions within a movement to accelerate domestic quantum manufacturing.
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