Trump Calls for Single Stock IBM to Extend Strong Performance, Overnight Session Continues Surge of Over 11%
BlockBeats News, June 1st. According to Bitget market data, during the US stock after-hours trading, an exchange's shares (IBM.US) continued its surge by over 11%, following a nearly 13% jump in the previous trading day. This strong performance was boosted by the endorsement of "Stock God" Trump. Recently, a video clip resurfaced from a December meeting in the White House where Trump praised an exchange's CEO Arvind Krishna, stating that the company's stock price had risen from a low level to a decent level and predicting it would "go up even more." Fast forward to May 21st, the company received a $1 billion CHIPS Act quantum chip factory subsidy from the US Department of Commerce. Benefiting from this news, the stock price has been on the rise for a week, nearing its historical high.
It is worth noting that Trump not only verbally praised the company but also quietly bought a small amount of its stock. In a recently disclosed financial disclosure document (Quarterly Transaction Report for the first quarter of 2026) from the US Office of Government Ethics (OGE) Form 278-T, it was revealed that the Trump Trust purchased a portion of the stock on March 21st, albeit the amount was not significant, falling in the range of $15,001 - $50,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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