Why Is IonQ Stock Soaring Today?
Shares of IonQ (NYSE: IONQ) are jumping on Monday, up 19.3% as of 2:05 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both saw green.
A leader in the quantum computing space, IonQ's stock is gaining after JPMorgan Chase announced this morning that it will invest $10 billion in industries and technologies it considers strategically important as part of its Security and Resiliency Initiative. Quantum computing is one of 27 it named.
In a statement, CEO Jamie Dimon said that the U.S. is behind in key areas, and that its "security is predicated on the strength and resiliency of [its] economy. America needs more speed and investment."
Source Fool.com
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