An online recirculation of a six-month-old video in which former President Trump praised IBM’s CEO drove the shares up by nearly 9%, adding roughly $24 billion to the company’s market capitalization. Pre-market trading on a popular retail platform showed the stock climbing before gains in broader software names.
Over the weekend, dozens of accounts on X recirculated a six-month-old video of Trump calling IBM’s CEO a “legend,” with one prediction-market post garnering more than 700,000 views. This renewed visibility reignited investor interest and set the stage for a sharp price move.
On Monday, IBM shares jumped almost 9%, equating to roughly $24 billion in added market capitalization. Activity on a major retail trading platform showed the stock climbing overnight, even before broader software gains driven by other tech developments.
The stock’s volatility reflects the speculative mania around AI-driven tech names, as IBM shares had already surged nearly 40% in recent weeks. A separate $1 billion government award to build a quantum computing chip foundry has further elevated expectations for the company.
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