Published 5/21/2026, 11:43:10 AM · Updated 5/21/2026, 1:18:15 PMBy TheBriefWire Editorial Team
Key points
International Business Machines Corp.
(IBM) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec.
8, 2025. Quantum computing shares popped in premarket trading on Thursday, following reports that the U.S. government will award $2 billion in grants to nine firms operating in the space.
The Wall Street Journal first reported on the deals, which will see the U.S. government take equity stakes in the companies.
IBM is reportedly the biggest beneficiary of the package, with the U.S. Commerce Department agreeing to give the firm $1 billion, per the WSJ.