On May 22, Infleqtion rose 9.39% overnight, trading at $16.00 USD/share, with trading volume of $185,600. The rally represents a continuation of momentum following the company's landmark announcement and broader government support for the quantum computing sector.
On the news front, the U.S. Department of Commerce announced a $2 billion funding package directed at nine quantum computing companies, with Infleqtion among the recipients of approximately $100 million in equity-based investment. The initiative aims to accelerate and consolidate American leadership in quantum computing, a domain the Trump administration has designated as both an economic and national security priority. Infleqtion confirmed it signed a $100 million letter of intent with the Commerce Department. IBM received the largest allocation at $1 billion, while GlobalFoundries secured $375 million, and peers including D-Wave Quantum and Rigetti Computing each received approximately $100 million.
The policy catalyst triggered a sector-wide surge on the prior trading day, with quantum computing stocks rallying collectively — D-Wave and Rigetti gained over 22%, IonQ rose over 11%, and Infleqtion itself surged more than 40% intraday. The overnight gain extends the after-hours momentum from the previous session, where the stock had already climbed 8.44%.
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