Rumor Denied, Rally Alive: Quantum Computing Stocks Still Charging Ahead[Stocks](https://moneymorning.com/category/article/stocks/) # Rumor Denied, Rally Alive: Quantum Computing Stocks Still Charging Ahead  by Rich Duprey  October 24, 2025  Share it: ## **Rumor, The Denial, but Rally Continues** Shares of **Rigetti Computing** ( [RGTI](https://moneymorning.com/stocks/rgti/)), **Quantum Computing** ( [QUBT](https://moneymorning.com/stocks/qubt/)), **D-Wave Quantum** ( [QBTS](https://moneymorning.com/stocks/qbts/)), and **IonQ** ( [IONQ](https://moneymorning.com/stocks/ionq/)) surged yesterday following a _Wall Street Journal_ report that the Trump administration was [discussing taking equity stakes](https://moneymorning.com/2025/10/23/trump-admin-eyes-stakes-in-quantum-firms-is-qbts-stock-a-buy-now/) in the quantum computing stocks in exchange for federal funding. The report, citing sources familiar with the matter, named IonQ, Rigetti, D-Wave, and Quantum Computing as participants in early-stage talks with the Commerce Dept. The news triggered early double-digit gains with QBTS rising as much as 20% on the news, but _Reuters_ was unable to confirm the report and a Commerce official later denied active negotiations. It said the government is "not currently negotiating equity stakes with quantum computing companies."  Despite the clarification, quantum stocks still closed up for the day, though by mid-single-digit percentages. In premarket trading today, the quartet were rising once more, this time in the 3% to 5% range. ## **Belief in the Inevitable** Investors may be bidding the stocks higher due to the belief the White House will view quantum computing as a critical industry for U.S. economic and security interests, and may make an investment eventually. Perhaps traders see the word "currently" in the Commerce statement as doing a lot of heavy lifting. That could imply they have negotiated previously or will be doing so in the near future. An official may have just gotten out front too early in leaking the news to the Journal. The Trump administration certainly hasn't been shy about taking stakes in critical industries. It took a 10% stake in **Intel** ( [INTC](https://moneymorning.com/stocks/intc/)) in exchange for for $8.9 billion in CHIPS Act grants, took positions in miners **MP Material** s ( [MP](https://moneymorning.com/stocks/mp/)), **Trilogy Metals** ( [TMQ](https://moneymorning.com/stocks/tmq/)), and **Lithium Americas** ( [LAC](https://moneymorning.com/stocks/lac/)), and acquired a "golden share" of **U.S. Steel** in exchange for allowing its acquisition by **Nippon Steel** to go through. With investors looking for any reason to get ahead of the curve on the potential of quantum computing, they seem willing to hang their hats on rumor and innuendo, even after it is denied. **Beat the market, without relying on brokers or biased institutions.** Email(Required) LinkedIn This field is for validation purposes and should be left unchanged. Subscribe By submitting your email address, you will receive a free subscription to _Money Morning!_ and occasional special offers from us and our affiliates. 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