D-Wave, Rigetti and other quantum stocks jump as Trump administration doles out $2 billion in exchange for equity stakes
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The Trump administration is reportedly investing in quantum computing companies, with some outlets stating that $2 billion is being doled out in exchange for equity stakes. This move has led to a jump in the stocks of companies such as D-Wave and Rigetti. The administration's actions appear to be part of an effort to boost the development of quantum computing in the US, although details of the plan are not entirely clear.
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