Quantum computing stocks soared after JPMorgan named the sector a core part of its $1.5T “Security and Resiliency Initiative.” Rigetti, IONQ, and D-Wave jumped over 20% as interest in frontier tech accelerates.
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00:02Quantum computing stocks extended their rally bond after JPMorgan Chase named the sector a key focus in its new $1.5 trillion security and resiliency initiative, according to CNBC.
00:13They plan to invest up to $10 billion in companies advancing frontier in strategic technologies, including quantum computing alongside sectors like energy tech, defense and manufacturing.
00:22Shares of Rigetti computing surged 25%, IONQ gained 16%, D-Wave quantum jumped 23%, and Arquid quantum rose 20%.
00:32Major firms such as Google, Microsoft, and Amazon are investing in gate model quantum computing to tackle problems beyond the reach of conventional computers.
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