fromFast Company
6 days agoQuantum computing stocks soared again yesterday. The reason why may surprise even their biggest boosters
Yesterday, America's four most prominent quantum computing companies saw their stock prices surge by double-digit percentages. But the genesis behind these soaring share prices wasn't directly related to news about the companies. Instead, the upward movement in the Quantum Four's share prices was largely due to financial giant JPMorganChase. On Monday, the investment bank announced a "Security and Resiliency Initiative" to invest in industries critical to America's national economic security interests. This initiative will see JPMorganChase invest $1.5 trillion in select industries over the next 10 years. And the first wave of this funding-to the tune of up to $10 billion-has already been decided upon.
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