Quantum stocks surge on report Trump eyeing stakes in the group like Intel

The Trump administration is discussing taking equity stakes in quantum-computing firms, including IonQ, Rigetti, and D-Wave, in exchange for federal funding, according to the Wall Street Journal.

Other companies, such as Quantum Computing Inc. and Atom Computing, are considering similar deals.

Shares of the mentioned firms surged following the report, with gains ranging from 10% to 20%, CNBC has reported.

The move reflects Washington’s broader strategy of acquiring stakes in companies critical to national security, similar to previous investments in MP Materials and Intel.