U.S. Commerce Department said Trump is not negotiating equity stakes with quantum computing companies like IonQ, Rigetti, or D‑Wave

The ￰0￱ Department said on Thursday it’s not in talks with quantum computing companies about taking any ownership in exchange for federal money. A spokesperson told CNBC, “The Commerce Department is not currently negotiating equity stakes with quantum computing companies.” That flat-out denial came after the Wall Street Journal reported that the Trump administration had supposedly opened talks with companies like IonQ, Rigetti Computing, and D-Wave ￰1￱ the denial , traders didn’t ￰2￱ hit the buy ￰3￱ Thursday, Rigetti and IonQ shares jumped 7% each. D-Wave Quantum flew even higher with a 13% ￰4￱ Computing ￰5￱ 5%. No one cared whether the talks were real or ￰6￱ mere idea of Trump entering the chat was enough to move the ￰7￱ took equity in Intel and MP Materials The Trump administration has been buying stakes in companies it considers ￰8￱ August, the ￰9￱ a 10% equity stake in Intel, the top American ￰10￱ also scooped up 15% of MP Materials, a rare-earth mining company.

China, meanwhile, has been tightening its grip on rare-earth ￰11￱ new equity strategy is not ￰12￱ are saying this is the first time in decades that the ￰13￱ is using public funds to take ownership in private firms at this ￰14￱ the administration, Commerce Secretary Howard Lutnick is one of the loudest voices behind the ￰15￱ believes that if taxpayer money is helping a company grow, the public should also get a cut of the ￰16￱ officials say it’s about keeping the U. S. secure, but also about getting something real in ￰17￱ firms pull cash but not revenue The companies at the center of this mess (IonQ, Rigetti, D-Wave, and Quantum Computing Inc.) are racing to build a computer that can outperform today’s fastest ￰18￱ successful, it would do insane things like solve complex equations in seconds, discover new drugs, or crack military encryption.

That’s why governments are watching ￰19￱ Pentagon has a reason to ￰20￱ here’s the ￰21￱ far, quantum computers don’t actually do anything useful. They’re still stuck in the research phase. There’s no real product ￰22￱ that means almost no ￰23￱ to a McKinsey report, all the quantum players combined pulled in less than $750 million last year. Still, the space is flooded with investment cash; both private and ￰24￱ on Wednesday, Google said its quantum machine ran an algorithm over 13,000 times faster than a regular ￰25￱ better, a second quantum computer confirmed the result, something past studies couldn’t pull ￰26￱ the buzz is still alive, even if no one can actually use these machines for anything ￰27￱ market, of course, didn’t need a real product to go ￰28￱ the same day, the S&P 500 rose 0.58% to 6,738.44.

The Dow Jones added 144.20 points, closing at 46,734.61. The Nasdaq jumped 0.89% to 22,941.80, helped by Nvidia, Broadcom, and Amazon. Oracle, which is also tied to AI, gained nearly 3%. The market made back all the losses from the day before, when tech names took a hit and investors dumped ￰29￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.