President Donald Trump’s administration is making a massive wager that America can still beat Communist China in the race that may define military and economic dominance for the next century: quantum technology.
The White House this week unveiled a sweeping $2 billion investment package aimed at accelerating America’s quantum computing industry, sending a clear signal to Beijing that Washington is no longer content to sit back while China races ahead in one of the most strategically important technologies on earth.
And unlike the Biden administration’s approach of simply handing out taxpayer-funded grants with little accountability, Commerce Secretary Howard Lutnick says the Trump administration is structuring these deals with direct government equity stakes, ensuring the American people could benefit if these companies explode in value.
The move instantly electrified Wall Street.
Shares of D-Wave Quantum surged nearly 20 percent after the announcement. Rigetti Computing climbed 15 percent. IonQ jumped 9 percent. Even tech giant IBM saw its stock rise sharply as investors realized the administration is preparing for a long-term technology war with China.
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