IBM Shares Soar 7% Overnight After Quantum Foundry Announcement and Trump Praise
IBM•IBM shares jumped 7% in overnight trading after last week’s quantum foundry announcement and renewed social media interest in President Trump’s December praise of CEO Arvind Krishna. Retail sentiment entered the ‘extremely bullish’ zone with Stocktwits message volume surging 25%, marking IBM’s strongest start of the year.
1. Overnight Trading Surge
IBM shares surged 7% in overnight trading ahead of Monday, extending gains sparked by last week’s quantum foundry announcement and fresh interest in December remarks praising CEO Arvind Krishna. The spike follows a YTD rally, positioning IBM for its strongest start since 2001.
2. Retail Sentiment Spike
Retail traders on Stocktwits propelled sentiment into the ‘extremely bullish’ zone, with message volume up 25% in the past 24 hours. Users widely reposted President Trump’s praise, driving a wave of optimistic commentary and trading activity.
3. Quantum Foundry Details
IBM unveiled a new quantum foundry venture backed by a U.S. government partnership aimed at accelerating commercial quantum chip manufacturing and integrating services into its cloud platform. The project is expected to position IBM as a leader in scalable quantum hardware development.
4. Trump Pump Phenomenon
President Trump’s December remarks praising Arvind Krishna as “legendary,” originally made at a White House roundtable, rekindled retail interest. Similar spikes have occurred in stocks like Micron, Dell and Palantir following his public endorsements, underscoring a pattern of volatility driven by his comments.
