Mindboggling: Quantum Computing + AI + Resilient Economy

The Department of Commerce signed letters of intent to invest $2 billion in federal incentives under the CHIPS and Science Act across nine quantum computing and hardware companies. Rather than issuing traditional research grants, the Trump administration is taking minority equity stakes in these companies in exchange for the capital, continuing a broader policy shift toward direct government ownership in strategically critical sectors (similar to previous moves with Intel and rare-earth mining). Publicly traded quantum stocks experienced immediate and intense price surges today following the announcement (chart).

This is government-financed exuberance about the future of quantum computing. The question is whether it is rational or irrational exuberance. We are in the rational exuberance camp. Just imagine the combination of quantum computing and AI. This is all consistent with our Buzz Lightyear Theory: "To Infinity and Beyond."