D-Wave Systems & IBM

D-Wave Systems: D-Wave Systems will receive $100 million from the United States — United States Department of Commerce to focus on optimizing qubit counts and error rates. Its shares gained 14% following the announcement and rocketed higher by 66% in three days of trading.

IBM: IBM will receive $1 billion from the United States — United States Department of Commerce and will invest an additional $1 billion to establish Anderon, America's first dedicated quantum chip manufacturing facility. Its shares gained nearly 4% at the open.

D-Wave Systems: D-Wave's bookings surged nearly 2,000% year over year, and its AT&T deployment demonstrates commercial traction. However, reported revenue is minimal and cash burn is high.

IBM: IBM's CEO framing 2026 as the year of commercial quantum advantage adds credibility to the sector's growth narrative.

D-Wave Systems: D-Wave Systems is mentioned as a peer in the quantum computing sector, with its stock performance reflecting investor interest in the industry.

IBM: IBM Corp. received a significant funding award from the Commerce Department, indicating government support for quantum computing development.