Why Is D-Wave Quantum Stock Skyrocketing Today?
Shares of D-Wave Quantum (NYSE: QBTS) are soaring on Monday, up 25.2% as of 1:59 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both showed strong gains.
The quantum computing stock is flying after JPMorgan Chase said it plans to deploy up to $10 billion across several industries, including quantum computing, as part of a sweeping national security investment program it calls the security and Resiliency Initiative.
In a statement, CEO Jamie Dimon emphasized the program's importance, saying, "Our security is predicated on the strength and resiliency of America's economy. America needs more speed and investment."
Source Fool.com
JPMorgan Chase & Co. Stock
€312.30
0.180%
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 303 € is below the current price of 312.3 € for JPMorgan Chase & Co., so the potential is actually -2.98%.
