US Stock Market Move | Quantum computing concept stocks rose across the board, with IBM (IBM.US) rising more than 5%.

On Thursday, quantum computing concept stocks soared, with IBM (IBM.US) up more than 5%, Infeqtion (INFQ.US) up nearly 4%, Rigetti Computing (RGTI.US), D-Wave Quantum (QBTS.US), Quantum Computing (QUBT.US), IonQ (IONQ.US) all up more than 3%. According to reports, IBM has announced plans to invest over $10 billion in the next five years for the field of quantum computing, with the goal of building the first large-scale quantum computer capable of reliably and accurately executing complex calculations by 2029. In a decision made by the Trump administration last week, plans are underway to invest a total of $2 billion in equity stakes in nine quantum computing enterprises. IBM will receive half of the funding for developing a new project called "Anderon," which will become the first specialized quantum chip manufacturing base in the United States. IBM stated that its new investments will cover research and development expenses, capital expenditures, ecosystem partnerships, manufacturing capacity expansion, and merger activities. As of now, the company has deployed over 90 quantum computing systems, a number that surpasses the total of all other participants in the industry.