IBM stock surges possibly thanks to a video of Trump praising IBM CEO six months ago

Odaily IBM surged nearly 9% on Monday, increasing its market value by over $24 billion. In a video from a White House event six months ago, U.S. President Donald Trump praised IBM CEO Arvind Krishna as a "legendary figure," but the market did not immediately react at the time. However, over the weekend, dozens of accounts on social media platforms shared the video.

Before Nvidia CEO Jensen Huang made remarks that boosted software stocks, IBM's stock price had already started rising in pre-market trading, setting the stage for a significant surge at Monday's opening bell. This phenomenon highlights the scale of speculative frenzy currently sweeping across various sectors in the market, with the thriving artificial intelligence sector further fueling investors' fervent pursuit of tech stocks. It also reflects Trump's willingness to support specific companies and industries, a practice that sometimes leads to stock market volatility triggered by his remarks. (Jinshi)