QBTS or RGTI: Which Quantum Stock Stands Out on $2B Federal Fund? Pure-play quantum computing stocks received a strong boost on May 21 after the U.S. Department of Commerce announced letters of intent totaling approximately $2.013 billion in proposed CHIPS and Science Act incentives for nine quantum-related companies, including seven quantum-computing developers. Among the pure-play quantum companies selected, D-Wave Quantum QBTS and Rigetti Computing RGTI each received up to $100 million in proposed federal funding. The announcement triggered a sharp rally across quantum stocks and has reignited investor interest in the sector. Following the announcement, shares of QBTS and RGTI surged 14.6% and 22.6%, respectively, compared with the S&P 500’s 1% gain. The key question now is, which stock offers the better opportunity following this landmark government endorsement? Let’s find out. QBTS: Federal Support to Expand Market Reach D-Wave received a Letter of Intent from the U.S. Department of Commerce for $100 million in proposed CHIPS and Science Act funding, making it one of only seven quantum-computing companies selected for federal support. The funding supports D-Wave's strategy of combining its established annealing systems with emerging gate-model quantum capabilities. What differentiates D-Wave from many quantum peers is its focus on commercial deployment today. The company recently secured a $10 million, two-year quantum-computing-as-a-service agreement with a Fortune 100 customer. D-Wave's annealing systems are already being used to tackle complex optimization challenges across logistics, manufacturing, scheduling and supply-chain management. This can lead to a clearer path to near-term revenue generation than many of its competitors that are focused primarily on long-term research milestones. RGTI: Another Key Beneficiary of America's Quantum Push Rigetti also received a Letter of Intent for up to $100 million in proposed CHIPS and Science Act funding to accelerate R&D aimed at addressing key technical challenges in scaling and advancing
QBTS or RGTI: Which <b>Quantum</b> Stock Stands Out on $2B Federal Fund?
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