US Stock Market Move | Quantum computing concept stocks soar, D-Wave Quantum (QBTS.US) up nearly 22%

On Thursday, stocks in the quantum computing sector in the US surged. As of the time of writing, D-Wave Quantum (QBTS.US) rose nearly 22%, Rigetti Computing (RGTI.US) rose over 15%, IonQ Inc (IONQ.US) rose nearly 12%, and Quantum Computing (QUBT.US) rose 11%. According to reports, multiple quantum computing companies are in talks to sell shares to the US Department of Commerce in exchange for federal funding support. This indicates that the Trump administration is expanding its intervention in what it views as key economic sectors. According to sources, several companies including IonQ, Rigetti Computing, and D-Wave Quantum are discussing having the US government become a shareholder in exchange for specialized funds for promising technology companies. Other companies like Quantum Computing Inc and Atom Computing are also considering similar arrangements. Sources claim that these companies are aiming for a minimum funding of $10 million from the US government for each company. Other tech companies are expected to join this funding competition as well.