Largest bank in the U.S., JPMorgan Chase, announced that it would invest $1.5 trillion over the next decade in industries related to U.S. national security.

The investment, according to the company, will target companies in strategic sectors, including rare earth minerals—a critical weakness in U.S.-China trade tensions—as well as aerospace, energy technology, and others.

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The plan would also see funds allocated to hiring experts.

The strategic industries are divided into four main categories: defence and aerospace, artificial intelligence (AI) and quantum computing technology, energy sectors such as batteries, and supply chains and advanced manufacturing.

Jamie Dimon, CEO of JPMorgan Chase, stated in a declaration that day, “It has become painfully clear that the U.S. has overly relied on untrustworthy sources for minerals and products essential to national security. We must act now.”

In a shareholder letter last May, he also pointed out that the U.S. is overly dependent on potential adversaries for critical military supplies, emphasizing the need to achieve independence from Chinese resources.

After China announced additional rare earth export controls on the 9th, President Donald Trump immediately condemned Beijing and warned of retaliatory tariffs as high as 100%. However, he reversed his stance within two days. Analysts suggest this highlights rare earths as the U.S.’s Achilles’ heel.

The Financial Times (FT) evaluated, “JPMorgan’s announced goals align with the White House’s policy agenda to secure critical infrastructure and technology within the U.S.”

Following the news of JPMorgan’s large-scale investment, shares of rare earth-related companies such as Critical Metals (55.4%) and United States Antimony (+36.86%) surged.

Nuclear power-related stocks, including Oklos (16.2%) and NuScale Power (14.73%), and quantum computing-related stocks such as IonQ (16.2%) and Rigetti Computing (25.02%) also saw significant gains.