Quantum computing stocks soar after reports of US government mulling stake

[Tower of device made of copper discs connected by glowing wires and vacuum tubes. Illustration of the concept of quantum computer and computing]
Dragon Claws

Quantum computing stocks surged on Thursday following reports that the Trump administration is negotiating equity stakes in several companies in this space.

Companies including IonQ (NYSE:IONQ [https://seekingalpha.com/symbol/IONQ]), Rigetti Computing (NASDAQ:RGTI [https://seekingalpha.com/symbol/RGTI]), and D-Wave Quantum (NYSE:QBTS [https://seekingalpha.com/symbol/QBTS]) are discussing [https://seekingalpha.com/news/4507251-trump-administration-said-to-be-negotiating-equity-stakes-in-quantum-computing-firms] the government becoming a shareholder as part of agreements to get funding earmarked for promising technology companies, the _Wall Street Journal_ reported.

Shares of D-Wave soared about 22%, Rigetti jumped nearly 16%, while IonQ climbed around 12%. Other quantum computing stocks, such as Arqit Quantum (NASDAQ:ARQQ [https://seekingalpha.com/symbol/ARQQ]) rose roughly 9%, while Quantum Corp. (NASDAQ:QMCO [https://seekingalpha.com/symbol/QMCO]) and Quantum Computing (NASDAQ:QUBT [https://seekingalpha.com/symbol/QUBT]) each rose around 10%.

Quantum Computing (NASDAQ:QUBT [https://seekingalpha.com/symbol/QUBT]) and Atom Computing are also considering similar arrangements, the report noted.

MORE ON QUANTUM COMPUTING STOCKS

* IonQ: Why I Am Booking My Profits To Go To The Sidelines (Downgrade) [https://seekingalpha.com/article/4832435-ionq-why-i-am-booking-my-profits-to-go-to-the-sidelines-downgrade]
* Quantum Computing: I'm Not Buying This Massive Dip Ahead Of Earnings [https://seekingalpha.com/article/4832311-quantum-computing-not-buying-this-massive-dip-ahead-of-earnings]
* Arqit Quantum: Exponential Revenue Growth [https://seekingalpha.com/article/4831116-arqit-quantum-exponential-revenue-growth]
* IonQ, Rigetti, D-Wave surge on report of Trump administration quantum equity talks [https://seekingalpha.com/news/4507251-trump-administration-said-to-be-negotiating-equity-stakes-in-quantum-computing-firms]
* IonQ rises as it hits new quantum computing world record [https://seekingalpha.com/news/4505888-ionq-rises-as-it-hits-new-quantum-computing-world-record]