Overview
- “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” a spokesperson said, countering reports of potential $10 million government stakes per firm.
- IonQ fell about 9% to $57.15 and D‑Wave dropped 8.68% to $32 as traders took profits after a multi‑day rally powered by the earlier government‑support narrative.
- Nvidia’s GTC unveiled NVQLink to link quantum processors with GPUs, listing IonQ and Rigetti as contributing partners, but quantum shares reversed after Jensen Huang touted seven new DOE AI supercomputers.
- Despite the pullback, sector gains over the past year remain extreme while fundamentals are early stage: IonQ raised 2025 revenue guidance to $82–$100 million with Q3 revenue of $12.4 million, Rigetti launched a 36‑qubit system and secured a $35 million Quanta investment, and D‑Wave reported 153 customers, $24 million in bookings, and $819 million in cash.
- Rigetti shares rose early Wednesday as attention shifted to its Nov. 10 earnings release, reflecting ongoing volatility as investors toggle between product milestones and shifting policy signals.