Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Quantum Computing Stocks Surge as Trump Seeks Stake in Exchange for Federal Funding

Quantum computing stocks reached record highs earlier this month. (Credit: Heute.at)

Quantum computing stocks soared Thursday after media reports emerged that the US government is planning to acquire equity stakes in these companies, and in turn, offering them federal funding to support their growth and innovation.

Shares of quantum computing companies like IonQ (NYSE:IONQ), Rigetti Computing (Nasdaq:RGTI), D-Wave Quantum (NYSE:QBTS), and Quantum Computing (Nasdaq:QUBT) significantly gained on the reports. Companies like Atom Computing could also be considering an arrangement with the Trump Administration for equity sale.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.