Following the U.S. government’s recent acquisition of equity stakes in nine quantum computing firms, including IBM, market participants are actively speculating on which companies might be next in line for federal investment. The administration’s ongoing strategy to secure shares in key private-sector players has triggered significant volatility and interest across the technology and defense sectors.

Prediction markets are currently signaling high interest in IonQ, with traders assigning a 32% probability that the quantum computing company will receive a government stake by 2026. Despite not being included in the initial round of government investments, IonQ shares have experienced a notable rally, climbing over 12% following the broader industry news and continuing that momentum into the following trading session.

Other entities drawing significant attention include the defense technology firm Anduril Industries and semiconductor giant Micron Technology. Traders currently estimate a 31% chance for Anduril, which recently saw its valuation soar to $61 billion, to secure a government stake. Meanwhile, Micron Technology holds a 28% probability according to market sentiment, fueled by its critical role in the ongoing artificial intelligence infrastructure buildout. While previous reports regarding a potential government stake in Micron did not materialize, the current climate of federal industrial policy has kept investor interest high as they monitor for official announcements.