U.S. Government to Invest in Quantum Computing Firms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 25 2026
0mins
Source: NASDAQ.COM
- Investment Overview: The U.S. government plans to allocate over $2 billion in incentives and investments to nine quantum computing companies under the CHIPS and Science Act, with IBM's startup Anderon set to receive $1 billion, matched by IBM's own investment, highlighting the government's commitment to the quantum computing sector.
- Global Manufacturing Expansion: GlobalFoundries has signed a letter of intent to receive $375 million in incentives to support its newly established Quantum Technology Solutions business, which will enhance domestic quantum manufacturing capabilities and bolster U.S. competitiveness in the global semiconductor market.
- Technological Leadership: IonQ boasts a record 99.99% two-qubit gate fidelity, positioning it as a leader in quantum computing technology; despite not receiving government investment, its acquisition of SkyWater Technology will make it the only vertically integrated quantum computing company in the U.S., expected to enhance market responsiveness and scaling advantages.
- Market Opportunities: Although IonQ was overlooked for government investment, its stock still holds potential for appreciation, especially as the surge in government funding for quantum initiatives increases market focus on the best quantum computing companies, potentially providing investors with attractive buying opportunities.
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Analyst Views on IONQ
Wall Street analysts forecast IONQ stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 45.080
Low
47.00
Averages
75.91
High
100.00
Current: 45.080
Low
47.00
Averages
75.91
High
100.00
About IONQ
IonQ, Inc. is engaged in the quantum computing and networking industry, delivering high-performance systems capable of solving complex commercial and research use cases. Its generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are cutting-edge systems, boasting 36 algorithmic qubits. It sells specialized quantum computing and networking hardware together with related maintenance and support. It also sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. It makes access to its quantum computers available via three cloud platforms, Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via its own cloud service. Its product portfolio also includes quantum key distribution (QKD) systems, quantum random number generators (QRNGs), and single-photon detectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Government Funding Support: Rigetti accepted approximately $100 million in federal quantum funding in 2026, providing a cash cushion and validating its business model, but this also means the government has taken an equity stake, further diluting existing shareholders.
- Market Sentiment Volatility: Although Rigetti has a credible roadmap in superconducting quantum chips, its stock price already assumes a level of success that its declining revenue does not support, and combined with ongoing dilution, it faces significant adjustment risks if market enthusiasm wanes.
See More
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- Revenue Decline: Rigetti reported approximately $7 million in revenue for fiscal year 2025, a 34% decrease from the previous year, while its market capitalization remains in the billions, resulting in a price-to-sales ratio in the hundreds, indicating excessive market expectations for future success.
- Dilution Risk: The company has raised about $100 million through its at-the-market equity program and accepted around $100 million in federal quantum funding, which strengthens its balance sheet but also expands the share count, potentially exerting long-term pressure on the stock price.
- Market Enthusiasm vs. Reality: While enthusiasm in the quantum computing sector has lifted many stocks, Rigetti's share price already reflects a level of success that its declining revenue does not support, posing a risk of significant price corrections if investor enthusiasm wanes.
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See More
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- Market Potential: McKinsey estimates that the annual quantum computing market could reach $72 billion by 2030, presenting a significant opportunity for companies like IonQ, which is well-positioned as an industry leader.
- Technological Edge: IonQ holds a world record in 2-qubit gate fidelity at 99.99%, significantly surpassing the industry average of 99.9%, providing a notable accuracy advantage in quantum computing, which, despite slower processing speeds, justifies its computational benefits.
- Rapid Revenue Growth: IonQ reported a staggering 755% revenue growth in its most recent quarter, driven by acquisitions, system sales, and new partnerships, with expectations of over 100% organic growth by 2026, underscoring its leadership in the quantum computing sector.
- Investment Risks and Opportunities: While IonQ's outlook in quantum computing is promising, its ability to maintain leadership is uncertain; achieving a market dominance akin to Nvidia could secure a substantial share of the projected $72 billion market, but failure to do so could lead to significant stock declines.
See More
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- Massive Market Potential: McKinsey estimates that the quantum computing market could reach an annual revenue of $72 billion by 2030, providing a significant market opportunity for companies like IonQ, which is well-positioned as an industry leader.
- Significant Technical Advantage: IonQ holds a world record of 99.99% fidelity in 2-qubit gate operations, far exceeding the industry average of 99.9%, which gives IonQ a clear edge in accuracy within the quantum computing sector; although processing speeds are slower, the computational advantages justify this trade-off.
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- Investment Risks to Consider: While IonQ shows potential in the quantum computing arena, its ability to maintain leadership is uncertain; if it fails to meet McKinsey's demand projections, the stock could plummet, prompting investors to carefully size their positions accordingly.
See More
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- Market Indicator Decline: The NASDAQ 100 Pre-Market Indicator fell by 244.79 points to 28,928.23, indicating weakened market sentiment that could impact investor confidence and lead to further selling pressure.
- Volume Activity: The total pre-market volume stands at 124,784,697 shares traded, reflecting a high level of market activity despite the overall downward trend, suggesting investors are still actively trading.
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