Infleqtion Secures Three Major DOE Projects Under Genesis Mission
Craig-Hallum initiates coverage on Infleqtion with a Buy rating and $19 price target.
Craig-Hallum initiates coverage on Infleqtion with a Buy rating and $19 price target.
Highlighting neutral-atom tech leadership, CHIPS Act funding, and 2026 revenue guidance of $40M+.
Full neutral-atom quantum stack highlighted as a major advantage.
Trump orders fast-track quantum tech: build powerful computer by 2028 and upgrade encryption to resist future cyber threats by 2030.
IBM will build America’s first dedicated quantum foundry with $2B backing, while GlobalFoundries launches Quantum Technology Solutions supported by a $375M CHIPS award.
The Trump administration is awarding $2 billion in grants to nine quantum computing companies, including IBM, and will take equity stakes in the firms to strengthen US tech leadership.