DARPA Just Revealed the 2 Best Quantum Computing Stocks to Buy Now

Impact · against what's priced in

IonQ and IBM's advancement to Stage C of DARPA's QBI provides a modest positive catalyst via eligibility for up to $300 million in funding. For IBM, this is a marginal gain as it does not address the core valuation driver of software revenue re-acceleration, while Microsoft's advancement was already priced in as of early 2025.

IBM+0.20

Not in the price yet

In context

While eligibility for $300 million in DARPA funding is positive, it is secondary to the market's focus on whether software segment growth can return to 7.5%.