Quantum computing stocks jump on report US may buy stake

IONQ

23/10/2025 14:47

Updates

** Shares of U.S. quantum computing firms soar in early trading

** Trump's administration is in talks with several quantum-computing companies to take equity stakes in exchange for federal funding, WSJ reports, citing sources

** Ionq IONQ.N shares up 10.2%, Rigetti RGTI.O rises 12%, while D-Wave Quantum QBTS.N adds 18.2%

** Quantum Computing QUBT.O shares jump 11.5%
** The Defiance Quantum ETF QTUM.O, which tracks companies whose products or services are tied to the development of quantum computing and machine learning technology, added 1.3%
** A U.S. Commerce Department official told Reuters in an email that the department is "not currently negotiating with any of the companies"

** Earlier this year, Trump said the U.S. would take 10% stake in Intel INTC.O and struck a deal for Pentagon to become largest shareholder in MP Materials MP.N to boost output of rare earth magnets

 (Reporting by Joel Jose in Bengaluru)

 ((mailto: joeljose@thomsonreuters.com))