Overview
- JPMorgan Chase unveiled a decade‑long Security and Resiliency Initiative of up to $1.5 trillion with an initial tranche of up to $10 billion for direct equity and venture investments, explicitly listing quantum computing among its target areas.
- Quantum shares jumped on Oct. 13, with Rigetti up about 25%, D‑Wave up 23%, IonQ up 16%, Quantum Computing Inc. up 12%, and UK‑based Arqit up 20%, extending already outsized 12‑month returns across the cohort.
- Jamie Dimon framed the program as a national‑security effort to strengthen U.S. economic resilience, but the bank did not identify specific quantum companies set to receive funding.
- Coverage highlights a disconnect between soaring market caps and modest sales at pure‑play quantum firms, with analysts cautioning that broad commercialization remains years away.
- On Oct. 15, D‑Wave said Swiss Quantum Technology committed €10 million with an option to purchase a system, and its shares rose more than 4% in morning trading.