Asymmetrical Bets
· Asymmetrical Bets
· June 03, 2026 at 11:30
· ⏱ 10 min read
| Read on Substack ↗
Summary
The U.S. government's $2B CHIPS Act equity investment in nine quantum computing companies is framed as a legitimate sector re-rating event, mirroring past sovereign stakes in MP Materials and Intel. The article educates readers on quantum computing modalities and announces a paid ranking of quantum stocks, but reveals no current personal positions or explicit actionable picks in the free portion.
•The Trump Administration committed $2.013 billion of CHIPS Act funding for minority, non-controlling equity stakes in nine quantum companies.
•IBM received the largest share at $1 billion to launch a foundry called Anderon; GlobalFoundries got $375 million; Infleqtion, D-Wave, and Rigetti each received roughly $100 million.
•The author previously flagged Infleqtion at $8 during Nvidia GTC, and it later hit $20 on June 2, noting it ships real product to NASA, the DoD, and the UK government.
•The author's capital and interest remain in AI infrastructure sectors with near-term earnings, not in quantum computing for short-term gains.
•The article provides an educational overview of five qubit modalities (superconducting, trapped ion, neutral atom, photonic, annealing) and lists public plays for each.
Infleqtion is highlighted as a neutral atom quantum company already shipping products to NASA, DoD, and the UK government, trading ~40% below IPO price at sub-$2B market cap, and receiving ~$100M in C
Infleqtion is highlighted as a neutral atom quantum company already shipping products to NASA, DoD, and the UK government, trading ~40% below IPO price at sub-$2B market cap, and receiving ~$100M in CHIPS Act equity — a combination of real revenue and government backing that the author implies is undervalued relative to peers.
Risk: Quantum sector remains early-stage and speculative; Infleqtion's slow gate speeds and atom loss are noted as drawbacks; author's own capital is not in quantum.
This newsletter, published June 03, 2026,
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