Quantum Computing Moves From Priority to Mandate as Trump Signs 2 Quantum EOs

研报英文原文证据摘录

Quantum Computing Moves From Priority to Mandate as Trump Signs 2 Quantum EOs

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roughly four years vs. NSM-10, requiring federal high-value assets to transition to NIST-approved

PQC standards by December 2030 and digital signatures by December 2031, with a checkpoint in RATING HOLD

January 2027. Together, these two orders mark a clear shift in tone: quantum is no longer a long- PRICE $21.38^

dated research ambition but a near-term national security and infrastructure priority. PRICE TARGET | % TO PT $20.00 | -6%

Our Take. We see these executive orders as positive for the quantum computing industry, including 52W HIGH-LOW $58.15 - $10.30

names in our coverage (IONQ, QBTS, RGTI). Three takeaways: 1) we see the 2028 QC-ADDS FLOAT (%) | ADV MM (USD) 94.9% | 1,156.16

deployment mandate at a DoE lab creating a near-term procurement flywheel the Street is modeling MARKET CAP $7.2B

as a 2030+ event. We think evaluation contracts and POs will be pulled in since the DoE is now

TICKER RGTI

on the clock to define technical specs (within 90 days) and explore private-sector partnerships

(including advance market commitments within 180 days); 2) PQC migration deadlines pulled noted.^Prior trading day's closing price unless otherwise

forward four years elevate the urgency around quantum-secure communications, which we view as

a tailwind for the handful of quantum names with PQC and QKD solutions, such as IONQ; and 3) the

EOs attach hard dates to areas of sensing, networking, supply chain, and workforce meaningfully

expanding the federal focus outside just compute. Additionally, the DoE is directed to create a

national benchmarking center within 180 days, which is a big deal given the industry has no widely

accepted performance benchmark today.