IBM Shares Surge 15% Premarket After Old Trump Video Of “Very Nice Price” Resurfaces

Shares of several software companies surged after Nvidia announced a new chip for personal computers, directly challenging firms like Intel and AMD. However, for IBM, a stock rally wasn’t just linked to a broader rally of software stocks.

On Monday, shares of the tech giant jumped as much as 15% in premarket trading after a video of US President Donald Trump praising IBM’s CEO resurfaced on social media during the weekend, as per investing.com.

Multiple accounts, including Polymarket Money, shared the clip on social media X over the weekend. The clip, originally from an event in December, featured Trump saying that IBM’s stock was “going to go up a lot more.”

The clip shows Trump praising IBM CEO Arvind Krishna for taking the stock to a “very nice” valuation. Trump added that he would not call the current price high since Krishna would likely say the…