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Quantum sector surges on $2B federal funding push and IBM foundry launch
- The U.S. quantum computing sector rallied sharply following a wave of federal funding announcements, including a $1 billion Commerce Department backing for IBM's new quantum foundry.
- Rigetti Computing surged 19.9% to $26.42 on 6.2 times its average volume, while IBM gained 15.8% on the week to close at $253.84.
- This massive government commitment of up to $2 billion signals a major acceleration in the commercialization and strategic importance of quantum technology.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
IBM close rose from $219.30 on May 15 to $253.84 on May 22 (+15.75%). RGTI rose from $22.04 to $26.42 (+19.87%) on May 22 with 203,290,100 volume vs. a 20-day average of 33,008,692 (6.16x). IONQ rose from $58.89 to $63.64 (+8.07%) on May 22.