"A recent Wall Street Journal report has sparked major renewed interest in the quantum computing sector, claiming that President Trump is pushing for the U.S. government to acquire ownership stakes in several key players. According to the Journal, discussions involve Rigetti Computing ( NASDAQ:RGTI ), D-Wave Quantum ( ), IonQ ( ), and Quantum Computing ( NASDAQ:QUBT ), with each company potentially receiving federal funding in exchange for equity. The report suggests this move aims to bolster U.S. leadership in quantum technology amid global competition."
"This morning, all four stocks surged by double-digit percentages in premarket trading-RGTI up 18%, QBTS climbing 22%, IONQ gaining 15%, and QUBT rising 14% - reversing a week of steady declines amid broader market pressures on tech stocks. However, cited a Commerce Dept. statement denying any current negotiations, calling the talks speculative. Still, if true, it could mark a shift in how Washington supports emerging tech."
"This year, the U.S. government has taken the rare step of acquiring ownership stakes in private firms, an action which has typically been reserved for crises or to protect vital interests. In the 2008 financial meltdown, it acquired significant equity in General Motors ( ) and American International Group ( ) as part of bailouts, later selling them off for profits. Banks like Citigroup ( ) also saw temporary government holdings."
President Trump is pushing for the U.S. government to acquire ownership stakes in Rigetti Computing, D-Wave Quantum, IonQ, and Quantum Computing by offering federal funding in exchange for equity. All four stocks jumped by double-digit percentages in premarket trading, reversing a prior week of declines as investors reacted to the reports. The Commerce Department denied current negotiations and called the talks speculative. The U.S. government has previously taken temporary equity positions during crises and to protect strategic interests, including stakes in GM and AIG in 2008 and a recent 10% Intel stake tied to CHIPS Act support. Defense and Energy departments have also acquired stakes in critical miners.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]