The big players have shown up to the quantum computing race, and the results could be disastrous for smaller names. IBM Corp. (NYSE: IBM) notched two big wins in recent weeks, securing $1 billion in foundry funding from the federal government and leaning into quantum R&D with $10 billion in planned internal investments.
Now, Intel Corp. (NASDAQ: INTC) appears intent on making its presence in the space known as well.