Why Shares of D-Wave Quantum Are Soaring Today
Shares of D-Wave Quantum (NYSE: QBTS) blasted nearly 21% higher as of 10:39 a.m. ET today after The Wall Street Journal reported that the U.S. government may take an equity stake in several of the pure-play quantum computing companies.
D-Wave Quantum, along with Rigetti Computing and IonQ, were among the companies named in the 's report, which cited anonymous sources. The companies would reportedly give the government a stake in exchange for funding awards of at least $10 million. The report indicated that other tech companies may try to compete for government funding, and the discussions are being led by a former quantum executive Paul Dabbar, who is now deputy secretary of the U.S. Department of Commerce.
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Source Fool.com
