D-Wave Quantum Inc. (NYSE:QBTS) surged to a record high on Monday, driven by JPMorgan’s $1.5 trillion investment plan over 10 years, focusing on critical industries like quantum computing. The stock hit $41.97 intraday before closing up 23.02% at $40.62. JPMorgan allocated $10 billion for direct equity and venture capital investments to boost US companies in 27 sectors.

Investors rallied behind D-Wave Quantum Inc. (NYSE:QBTS) following JPMorgan’s massive investment announcement, propelling other quantum computing firms like Quantum Computing Inc. (NASDAQ:QUBT) and Rigetti Computing Inc. (NASDAQ:RGTI) higher. JPMorgan’s initiative aims to support industries vital for national security and growth, including semiconductors, data centers, and energy systems meeting AI demand.

JPMorgan’s investment program initially set at $1 trillion was increased by $500 billion to broaden its scope. While D-Wave Quantum Inc. (NYSE:QBTS) shows potential, some AI stocks may offer better returns with lower risk. Investors seeking a low-cost AI stock benefiting from Trump tariffs and onshoring can explore the free report on the best short-term AI stock.

Read more at Yahoo Finance: D-Wave (QBTS) Soars to New High as JPMorgan Bares Trillion-Dollar Investment