IBM Shares Rise 6.6% on $1B Grant

IBM shares surged 6.6% after the U.S. Commerce Department announced a $1 billion federal grant for quantum computing development.
The grant is part of a $2 billion package for nine firms, including $375 million to GlobalFoundries and $38 million to startup Diraq.
The funding reflects the Trump administration’s push to strengthen domestic quantum‑computing supply chains and national‑security capabilities.