JPMorgan Chase Just Injected a Shot of Adrenaline into Quantum Computing Stocks

The high-flying quantum computing sector got a significant lift from JPMorgan Chase (NYSE: JPM) when the largest bank in the U.S. recently announced it would invest billions into 27 sub-areas that are critical to national economic security including quantum.Investors have been driving up several quantum computing stocks, most of which have little to no revenue, on the possibility that quantum technology will produce the next iteration of the computer and maybe even the internet. JPMorgan's recent announcement clearly served as a shot of adrenaline for the sector. Here's why.Unlike traditional computers, which are built on bits, the smallest units of digital data, quantum computers use qubits. Qubits exist in a state of superposition, enabling them to handle significantly more data and evaluate various solutions simultaneously. This allows them to compute calculations that are believed to be far beyond those of even the most sophisticated supercomputers available in the market today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool