IBM stock surged, possibly due to a video of Trump praising IBM six months ago

Odaily IBM shares 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," though the market did not immediately react at the time. However, over the weekend, dozens of accounts on social platforms began resharing the video.

Before Nvidia CEO Jensen Huang made remarks that boosted software stocks, IBM's share price had already started to rise in pre-market trading, setting the stage for a significant jump at Monday's market open. This phenomenon highlights the scale of speculative frenzy currently sweeping across various sectors, with the booming development of artificial intelligence fueling investors' feverish pursuit of tech stocks. It also reflects Trump's willingness to support specific companies and industries, a practice that sometimes leads to his remarks causing sharp fluctuations in the stock market. (Jin Shi)