Trump Seeks a Slice of the Quantum Pie: Stocks Rocket as Govt Eyes IonQ, Rigetti, D-Wave Stakes
The U.S. Commerce Department is in talks to take equity stakes in IonQ, Rigetti, D-Wave, Quantum Computing Inc., and Atom Computing in exchange for about $10 million each in federal R&D funding, according to sources. News of the negotiations triggered sharp swings in quantum stocks, with Rigetti, D-Wave, IonQ, and QCI all rebounding over 12% overnight. Talks are ongoing and terms are not finalized.