Quantum computing firms jump after report of US government stake talks - The Economic Times

SynopsisShares of US quantum computing firms, including IONQ, Rigetti and D-Wave, rose up to 14% after reports that Donald Trump’s administration may take equity stakes in exchange for federal funding. The move aligns with US efforts to strengthen tech supply chains and reduce dependence on China.Listen to this article in summarized format ListeniStockShares in US quantum computing firms surged in premarket trading on Thursday after the Wall Street Journal reported President Donald Trump's administration is in talks to take equity stakes in exchange for federal funding. Shares of IONQ, Rigetti, D-Wave Quantum and Quantum Computing surged between 12% and 14% after the report said the companies are in talks about the US government becoming a shareholder as part of the agreements. A US Commerce Department official told Reuters in an email that the department is "not currently negotiating with any of the companies".

The Defiance Quantum ETF, which tracks companies whose products or services are tied to the development of quantum computing and machine learning technology, added 2.6%, set to build on its 32% gain so far this year. The Trump administration has ramped up efforts to secure US supply chains for critical minerals and semiconductors by converting federal grants to companies into equity stakes, aimed at reducing reliance on China. The administration has taken or discussed stakes in several companies including Lithium Americas, MP Materials and Intel as part of the shift to direct ownership from traditional subsidies.​Masterclasses byAgentic AI Masterclass Learn Agentic AI for 10X Growth.Be an ET Certified AI professional24 & 25 Jan (Weekend) | Live OnlineEnroll NowLimited Seats Lefts!AI BootCamp For Students Make your child future-ready with AIGet Certified by The Times of India8 Days | Live Online Enroll NowOnly 7% Seats Left Quantum computers tap into quantum mechanics to solve problems that would take classical computers thousands of years or more. But existing quantum computers must dedicate so much of their computing power to fixing errors that they are not, on net, faster than classical computers. In February, Microsoft unveiled a new chip that it said showed quantum computing is "years, not decades" away, while IBM in June said it plans to have a practical quantum computer by 2029. Add as a Reliable and Trusted News Source Add Now!Read more news onquantum computingUS government stake talksWall Street Journalfederal fundingDefiance Quantum ETFD-Wave QuantumLithium AmericasMP Materials(Catch all the Technology News News, and Latest News Updates on The Economic Times.)...moreAdd CommentElevate your knowledge and leadership skills at a cost cheaper than your daily tea.How Mahindra overcame failed JVs, takeover to top Indian SUV marketDarkness at noon: Can this reform succeed after failing four times?Paid less than plumbers? The real story of freshers’ salaries at Infy, TCS.From heirloom to hedge: How India’s love for gold became a trillion-dollar powerhouseHow DOMS turned pencil into a sword to end Camlin’s 100-year runF&O Radar| Deploy Long Iron Condor in Nifty to gain benefit from rising IVsDown nearly 20% from highs! Engineers India stock showing signs of bottoming out; time to buy?These 8 banking stocks can give more than 24% returns in 1 year, according to analystsSubscribe Now