Quantum stocks surge following US plans to award $2 billion and take equity stakes
The shares of Quantum commuting observed a surge in premarket trading on Thursday after the US government announced a $2 billion grant package to nine firms operating in the space.
The report underlined that the US government takes equity stakes in the companies. IBM marks the primary beneficiary of the package, adding that the US Commerce Department agreed to award the firm $1 billion.
It has been observed that shares of IBM were trading........
