Quantum computing stocks are shrugging of Nvidia (NVDA) and tech weakness today. Rigetti Computing Inc (NASDAQ:RGTI), D-Wave Quantum Inc (NYSE:QBTS), and Infleqtion inc (NYSE:INFQ) are three of the nine organizations awarded $2 billion in grants from the Commerce Department. Each of these three firms will receive $100 million in CHIPS Act-funded superconducting quantum research and development.
RGTI is up 16.9% to trade at $19.74 this morning, eyeing a ceiling coinciding with $20 and its 126-day moving average. The shares are 7.3% lower on the year still, trading in a tight range since late January.
QBTS is up 19.4% to trade at $22.87, facing off with an early May peak. The shares are off by 13% in 2026.
INFQ is seeing the largest gain, last seen 35.8% higher to trade at $15.29, but is still facing a 3% deficit on the year.
Beyond their technical backdrops, the entire quantum sector is heavily shorted. Roughly 15.4% and 14.6% of RGTI and QBTS' total available floats are sold short.
