Infleqtion Stock Rises on Expanded Partnerships With Department of Energy's National Laboratories

By Kelly Cloonan

Shares of Infleqtion gained on expanded partnerships with several U.S. Department of Energy national laboratories.

The stock rose 5.9%, to $11.30 on Monday. Shares have declined 22% in the last three months.

The company said the agreements are focused on its quantum software platform Superstaq, which aims to help researchers run quantum programs more efficiently.

Under the partnerships, Infleqtion will provide software licensing to Sandia National Laboratories and Lawrence Berkeley National Laboratory, which it has worked with since 2021. The company will also provide technical engagement to incorporate improvements that help systems operate more reliably as test beds grow in size and complexity.

Infleqtion will also begin a new partnership with Fermi National Accelerator Laboratory, working with the lab's researchers to help prepare and run quantum programs, the company said.

Write to Kelly Cloonan at [e-mail]

(END) Dow Jones Newswires

03-09-26 1251ET