May. 21 at 11:55 AM
$IONL Why Are Infleqtion, D-Wave Quantum, Rigetti Computing Shares Surging In Thursday Pre-Market?
Shares of Infleqtion Inc. (NYSE:INFQ) surged 25.4%, while D-Wave Quantum Inc. (NYSE:QBTS), Rigetti Computing Inc. (NASDAQ:RGTI) surged 17.65% and 14.58%, respectively, in Thursday’s pre-market trading session, amid reports that the Trump administration has announced a
$2 billion investment in nine quantum computing companies.
The Commerce Department will also reportedly acquire equity stakes in each of these firms as part of the deal, as per the report.
Quantum Computing Inc. (NASDAQ:QUBT) and IONQ Inc. (NYSE:IONQ) also climbed 13.49% and 7.67%, respectively.
The U.S. government is fast-tracking its plans to stimulate the burgeoning quantum computing sector, reported the Wall Street Journal on Thursday.