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), Rigetti Computing (NASDAQ:RGTI), and D-Wave Quantum (NYSE:QBTS) are discussing 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) rose roughly 9%, while Quantum Corp. (NASDAQ:QMCO) and Quantum Computing (NASDAQ:QUBT) each rose around 10%.
Quantum Computing (NASDAQ:QUBT) and Atom Computing are also considering similar arrangements, the report noted.