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."

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Source Fool.com