Quantum Stocks Surge On U.S. Funding. Were Google, Microsoft, IonQ Snubbed? - Investor's Business Daily
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The U.S. Department of Commerce is deploying $2B in CHIPS Act funding across 9 quantum computing companies, with IBM appearing to be a primary beneficiary via its 300mm superconducting fab approach. Notably, mega-cap quantum players Google and Microsoft appear to have been passed over, creating a relative-value divergence between pure-play and big-tech quantum exposure.
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↔ PAIR+6% target-4% stop2-4 weeks, into further DOC contract details
Long IBM as the clearest named CHIPS Act quantum winner; fade the GOOGL/MSFT quantum narrative near-term given apparent exclusion from the $2B allocation.