IBM shares surge may be due to a Trump endorsement video from six months ago

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

IBM's shares had already risen in pre-market trading before Nvidia CEO Jensen Huang's remarks boosted software stocks, laying the foundation for a significant surge at Monday's opening. This phenomenon highlights the scale of speculative frenzy currently sweeping across various sectors, with the booming artificial intelligence industry sparking a wave of investor enthusiasm for tech stocks. It also reflects Trump's willingness to support specific companies and industries, a practice that sometimes leads to sharp fluctuations in the stock market due to his comments. (Jin Shi)