CMB Stock News Of The Day 📰📰🗞️🗞️📈📉

“Quantum stocks cool off after surging on U.S. government R&D backing“ 🚨🚨🚨

Quantum computing stocks have skyrocketed recently, fueled by speculation of fresh U.S. government backing that was confirmed this week in a memo naming quantum tech as a fiscal 2027 R&D priority. Historically, government support has been a powerful catalyst for emerging industries — the internet being a prime example — and investors are betting quantum could follow a similar path.

The memo, issued by Russell Vought and Michael Kratsios of the Office of Science and Technology Policy, calls on agencies to expand research in quantum information science, boost collaboration through consortia, fund testbeds and advanced manufacturing, and prepare for post-quantum cybersecurity threats.

Quantum executives welcomed the announcement, though some urged faster action. D-Wave CEO Alan Baratz said it’s important for policymakers to pair quantum with AI to solve real-world challenges, stressing that momentum shouldn’t wait until FY27.

Pure-play quantum stocks like IonQ, D-Wave, Rigetti, and Quantum Computing have doubled over the past month, adding $23 billion in market value. Gains have been powered by M&A activity, technical advances, government contracts, and bullish analyst calls. However, valuations far outpace fundamentals: combined revenue is under $100 million in the last year, and skepticism remains high, with average short interest around 18%.

After their blistering run-up, the rally cooled on Thursday as profit-taking set in.