Tag: Quantum computing

BusinessInnovationTechnology

Trump Administration Explores Quantum Computing Investments Through National Security Funding

The Trump administration is in early discussions about directing federal funding to quantum computing companies through national security channels. This move comes as analysts suggest the administration has effectively created a de facto sovereign wealth fund through recent government investments in critical technology firms.

Quantum Computing Funding Under Consideration

The Trump administration is reportedly exploring potential financial support for quantum computing companies using existing legislation, according to sources familiar with the matter. Officials from the Commerce Department have engaged in preliminary discussions with industry executives about utilizing CHIPS Act funding to back projects and companies deemed critical to national security, the report states.

by Ortega Rafael
BusinessScienceTechnology

Commerce Department Denies Equity Negotiations with Quantum Computing Firms

The Commerce Department has officially denied reports that the Trump administration is negotiating equity stakes in quantum computing companies. This contradicts earlier claims from sources familiar with the matter that suggested talks were underway with several quantum firms.

Government Denies Equity Negotiations with Quantum Companies

The U.S. Commerce Department has explicitly denied reports that the federal government is negotiating equity stakes in quantum computing companies, according to an official statement provided to CNBC. A department spokesperson confirmed that “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” directly contradicting earlier claims about potential government investment in the emerging technology sector.

by Bennett Laura
BusinessPersonal Finance

Midday Market Movers: Tech, Pharma and Financial Stocks Show Volatility Amid Earnings and Upgrades

Major market movements emerged midday as technology, pharmaceutical, and financial stocks experienced significant volatility. Analyst upgrades, earnings surprises, and regulatory developments drove substantial price swings across multiple sectors, with particular attention on cloud computing and pharmaceutical stocks.

Technology and Software Stocks Show Mixed Performance

Technology shares demonstrated divergent trends during midday trading, with several major players experiencing significant movements. Oracle shares reportedly declined approximately 7%, giving back a substantial portion of Thursday’s gains despite the company confirming a cloud computing partnership with Meta. According to sources, this pullback occurred even as the company secured what analysts suggest could be a transformative cloud infrastructure agreement.

by Bennett Laura