Overview
- IonQ, Rigetti, and D‑Wave led a morning recovery after weeks of steep losses, according to market reports.
- The Energy Department announced $625 million for the next five years to fund five national quantum research centers under the National Quantum Initiative.
- D‑Wave said it completed a proof‑of‑concept with BASF to optimize manufacturing workflows, while Google’s Willow chip recently demonstrated a verifiable quantum advantage in molecular calculations.
- The Commerce Department said it is not currently negotiating equity stakes with quantum firms following a report suggesting potential arrangements.
- Valuations remain elevated and views diverge, with Reuters noting Rigetti trades at more than 1,000 times sales as analysts both recommend shares and issue downgrades.