"Up about $5.75 a share, D-Wave Quantum is now above 50.77 million, as compared to its daily average volume of 50.48 million, not even an hour and a half into the trading day. The stock is gaining momentum on news that the Trump Administration is reportedly in talks with quantum computing firms about the Commerce Department taking an equity stake in return for federal funding."
"In addition, as noted by Forbes, "The companies are reportedly vying for federal funding awards intended for promising technology companies. According to the Journal, the companies that agree to the deal could receive funding awards from the federal government worth at least $10 million each." Plug Power has been gaining momentum with upgrades. Today, volume is at 22.65 million, which is below its daily average volume of 101 million."
Markets are under pressure from earnings, trade war concerns, and higher oil prices, yet retail investors are buying D-Wave Quantum, Plug Power, Bitfarms, and Nokia. D-Wave rose about $5.75 with trading volume above its daily average amid reports that the Trump Administration is in talks to take equity stakes in quantum firms in return for federal funding, potentially offering at least $10 million awards and echoing a prior Intel stake. Plug Power received analyst upgrades and higher price targets as surging power costs make green hydrogen more competitive and management outlined a roadmap to profitability. Bitfarms is moving into high-performance computing and AI data centers while trading below its daily average volume.
Read at 24/7 Wall St.
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