The US Department of Commerce is awarding $2 billion in grants to American quantum-computing companies, half of which will go to IBM, in a bid to bolster the buildout of super computers that could solve some of the world’s most pressing problems.

Shares of International Business Machines (NYSE:IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don’t have the same rocket fuel today. Oracle (NYSE:ORCL), Cisco Systems (NASDAQ:CSCO),

The US government has taken $2 billion worth of equity stakes in quantum computing companies, including one linked to the Trump family.

The Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for stakes in some of them.

Shares in International Business Machines Corp (NYSE:IBM) jumped 6.4% on Thursday, helping pull the Dow Jones out of early losses after the White House agreed to support a new quantum chip manufacturing venture with $1 billion of funding.

Investors have been attuned to mainframe disruption threats from artificial intelligence, but IBM posted 51% growth in Z mainframe hardware revenue.

IBM , D-Wave Quantum , Rigetti Computing and GlobalFoundries on Thursday confirmed separate proposed funding awards from the U.S. Department of Commerce under the CHIPS an

WEST PALM BEACH, FL / ACCESS Newswire / May 21, 2026 / Elektros Inc. (OTC PINK:ELEK), an emerging leader in sustainable energy technologies, today announced it has selected the enterprise-grade IBM® Envizi™ ESG Suite for integration into its "Energy