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The U.S. government is not in talks with quantum computing companies to take equity stakes in the firms in exchange for federal funding, a Commerce Department official told CNBC.

"The Commerce Department is not currently negotiating equity stakes with quantum computing companies," the spokesperson said in a statement.

The denial comes after the Wall Street Journal , citing people familiar with the matter, said that the Trump administration was in talks with companies including IonQ, Rigetti Computing, and D-Wave Quantum.

During trading on Thursday, Rigetti was up 7%, IonQ was up 7%, D-Wave was up 13%, and Quantum Computing was up 5%.

The Trump administ

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