The rally in quantum computing names continued on Monday after JPMorgan Chase announced it as one of the areas it would invest in as part of a new initiative.
The bank said in a release that it would invest up to $10 billion in companies across four areas: supply chain and advanced manufacturing, defense and aerospace, energy technology, and frontier and strategic technologies — which includes quantum computing.
Arqit Quantum , D-Wave Quantum and Rigetti Computing each rose about 20%, while IONQ gained 15% following the announcement. Quantum Computing stock climbed 10%.
Quantum stocks surge after JPMorgan investing push into strategic tech
