Quantum Computing Stocks Surge After JPMorgan Security Initiative Announcement
Shares of several quantum computing companies, including Quantum Computing Inc., Rigetti Computing, D-Wave Quantum, and IonQ, rose sharply on Monday. The rally was led by Rigetti Computing, which finished the day up 25%, while Quantum Computing Inc. and D-Wave Quantum also saw double-digit gains.
The surge in stock prices followed an announcement from JPMorgan Chase regarding a $10 billion 'Security and Resiliency Initiative.' This initiative focuses on supporting 27 industries and technologies, including quantum computing. The news boosted investor enthusiasm across the quantum computing sector.
The broader U.S. stock market also performed strongly on the same day, with the S&P 500 and Nasdaq Composite both posting significant gains. The positive momentum in quantum computing stocks reflects growing interest in their long-term potential and the impact of large-scale investments in advanced technologies.
Quantum computing stocks jumped after JPMorgan Chase announced a major security initiative that includes funding for quantum technologies.
Quantum Computing Inc., Rigetti Computing, D-Wave Quantum, and IonQ all saw their stock prices increase.
It is a $10 billion program by JPMorgan Chase to support innovations in 27 industries and technologies, including quantum computing.
Sharp increases like this are unusual, but there has been growing interest in quantum companies due to their potential for big technological changes.
The Motley Fool
Forbes
Fast Company
Benzinga
Business Wire
Invezz
Zacks Investment Research
Investors Business Daily
24/7 Wall Street
Seeking Alpha
MarketBeat