Quantum Computing Inc.'s stock soared 15.18% during Thursday's intraday session, leading a sector-wide rally among quantum computing companies.

The surge follows a report from the U.S. Commerce Department that the Trump administration is awarding $2 billion in grants to nine quantum-computing companies, with the deals including U.S. government equity stakes. The funding, allocated under the 2022 Chips and Science Act, is intended to accelerate the development of the nascent industry, which is viewed as an economic and national security priority. Publicly traded quantum firms, including Quantum Computing Inc., are among the expected beneficiaries of this initiative, which has spurred significant investor optimism.

The government's move to provide substantial financial support and take equity positions in quantum companies represents a major vote of confidence in the sector's long-term potential, driving a broad-based rally in related stocks during the trading day.