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The Trump administration is negotiating equity-for-funding deals with quantum-computing firms, including IonQ, Rigetti Computing and D-Wave Quantum, the Wall Street Journal reported, citing anonymous sources. Quantum Computing Inc. and Atom Computing are weighing similar arrangements. Shares jumped in early Thursday trading: IonQ and D-Wave up 9%, Rigetti 7%, Quantum Computing 11%. The talks echo recent U.S. moves to take stakes in strategic companies, after investments in MP Materials and a roughly 10% position in Intel. Treasury Secretary Scott Bessent said Washington will avoid nonstrategic sectors, as quantum’s economic and security implications loom amid competition with China.

Prepared by Christopher Adams and reviewed by editorial team.