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2026 quantum boom expands, IREN rebounds

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2026-07-31 06:55 UTC → 2026-08-03 01:58 UTC · added removed

The quantum surge that began with the UK’s £2.7 bn programme in May 2026 has continued to broaden. The United States allocated $2 bn under the CHIPS‑Science Act to nine firms, with IBM receiving $1 bn for a federal quantum computer dedicated quantum‑chip fab (Anderon) and a post‑quantum migration roadmap, while Europe completed IQM’s $1.9 matching $1 bn SPAC‑driven dual listing on Nasdaq and Helsinki. IQM now operates 23 quantum computers across Europe, the United States and Japan and reported of its own capital. IBM later announced a quantum‑error‑correction breakthrough that could lower hardware requirements for $10 bn multi‑year investment to deliver a fault‑tolerant machines. computer by 2029, while Microsoft unveiled its Majorana 2 topological chip, claiming a 1,000‑fold qubit‑reliability boost; the claim has been challenged in Nature by independent physicists. Federal programmes such as NSF’s National Quantum Virtual Laboratory and DOE’s Quantum Genesis keep targeting fault‑tolerant systems by 2028. Corporate activity remains vigorous – vigorous. IonQ posted a 755 % YoY revenue jump, D‑Wave recorded $33.4 m quarterly revenue, and Rigetti secured a $100 m commerce letter of intent. Insider‑selling analysis shows $988 m of stock sold versus $3.4 m bought at three pure‑play quantum firms, raising questions about leadership confidence. IREN (formerly Iris Energy) jump to $64.7 million, lifted its 2026 AI‑cloud revenue target above $4 bn after securing $2.8 bn of multiyear contracts to $260‑$270 million and announced a $39 million contract with Microsoft, NVIDIA the U.S. Space Development Agency. D‑Wave and others; pre‑payments now cover Rigetti reported strong bookings, while Xanadu’s IPO and subsequent market turbulence highlighted the volatility of pure‑play quantum stocks. IQM completed a SPAC merger, listed on Nasdaq and Helsinki, valued at roughly $1.9 bn, and announced a quantum‑error‑correction breakthrough that could lower hardware requirements for fault‑tolerant machines. IREN’s fortunes swung sharply: a Bloomberg report that Meta might launch its own cloud service sent the stock down 45 % in early July, but a later announcement of GPU capital costs. The company aims for 480 MW $2.8 bn of AI‑cloud capacity in 2026 contracts with Microsoft, Nvidia, Perplexity and 1.2 GW by 2027. IREN’s share price surged more than Figure AI drove shares up 30 % on the contract news, with analysts assigning a “Moderate Buy” rating and raising price targets, reflecting renewed in late July, reaffirming confidence in its growth outlook. IQM announced that its Q2 and H1 2026 earnings will be released on 4 August 2026 before AI‑cloud growth. Insider‑selling activity continued across the market opens, sector, with a conference call scheduled for 8:00 a.m. EDT. notable disposals at IonQ, Arqit and other firms. New research initiatives—from NIST’s $20 m Quantum Manufacturing Engineering Center to university‑level AI‑quantum material design—underscore the expanding ecosystem of funding, technology breakthroughs and commercial applications.

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  1. 2026-08-03 01:58 UTC 2026 quantum boom expands, IREN rebounds
  2. 2026-07-31 06:55 UTC 2026 quantum boom expands, IREN rebounds

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