US Stock Market Move | Quantum computing concept stocks soar Infleqtion (INFQ.US) rises over 14%
On Tuesday, quantum computing concept stocks surged, with Infleqtion (INFQ.US) rising by more than 14%.
On Tuesday, quantum computing concept stocks rose across the board, with Infleqtion (INFQ.US) up more than 14%, SEALSQ (LAES.US) up more than 8%, D-Wave Quantum (QBTS.US) up more than 7%, Quantum Computing (QUBT.US) up nearly 5%, Rigetti Computing (RGTI.US), IBM (IBM.US), and IonQ Inc (IONQ.US) up more than 4%.
On the news front, US President Trump signed an executive order on Monday, calling for accelerated development of high-performance quantum computers for scientific research and enhancing the government's ability to respond to related cybersecurity threats, thereby strengthening the US's leading position in this critical technology competition.
Michael Kratsios, Director of the White House Office of Science and Technology Policy, said in a pre-policy briefing: "We believe that this goal can be achieved by 2028." He was referring to building a quantum computer with significant scientific value.
Trump later said at the executive order signing ceremony: "We will make unprecedented investments in American quantum technology leadership." He added that these measures will further expand America's leading advantage in this field.
Trump signed two executive orders this time, one instructing federal agencies including the Department of Energy to collaborate with the private sector and academia to deploy a quantum computer for scientific research by 2028.
The other aims to enhance the US government's ability to defend against network attacks driven by quantum computers, proposing the goal of fully migrating key government computing systems to a "post-quantum cryptography" system by 2030 or 2031.
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