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4h ago

Quantum Stocks Jump as JPMorgan Elevates the Sector in Security Initiative

The bank launched a decade-long, $10 billion plan it frames as a national-security priority and included quantum computing on a list of 27 focus areas.

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Overview

  • Shares of Rigetti rose about 25%, D-Wave 23%, IonQ roughly 16% to 19%, Quantum Computing Inc. about 11%, and Arqit 20% on Monday following JPMorgan’s announcement.
  • JPMorgan said it will deploy up to $10 billion through direct equity and venture investments across four areas, with quantum included under frontier and strategic technologies.
  • CEO Jamie Dimon argued that U.S. security depends on a stronger, more resilient economy and called for faster investment in critical industries.
  • The rally unfolded on a broadly higher day for markets, with the S&P 500 up about 1.5% and the Nasdaq Composite up roughly 2.2%.
  • The bank did not identify specific quantum recipients, and early Tuesday premarket trading showed modest pullbacks that suggest some profit-taking.