Infleqtion (INFQ) shares rose on Tuesday morning after U.S. President Donald Trump signed two executive orders aimed at strengthening the quantum computing ecosystem.
The first executive order directs federal agencies to work with the private sector and academia to develop a roadmap for deploying a quantum computer capable of conducting scientific research by 2028. The second executive order calls for agencies and government security experts to prepare for quantum systems that could break standard encryption systems faster than expected.
Infleqtion CEO Matthew Kinsella, who attended the signing ceremony at the Oval Office, said that quantum technologies are not limited to the field of computing alone, noting, “Quantum sensing technologies offer many interesting possibilities that could emerge even before quantum computers. It is possible to achieve such timelines.”
Jefferies analyst says some companies, in addition to Infleqtion, could benefit
Jefferies analyst Kevin Garrigan believes that these executive orders are positive for the quantum computing sector. According to Garrigan, this development also serves as a positive catalyst for companies tracked by Jefferies, such as IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI).
Jefferies ranks IonQ as the best-positioned company in the sector because it is relevant to nearly all the topics covered in the executive orders, while it ranks D-Wave second due to its work on quantum algorithms for advanced data security. Rigetti Computing is also listed among the companies that could benefit from the executive orders.
Infleqtion shares rose 11.3 percent in morning trading to $15.82.
