Key insights
- IBM shares experienced a significant premarket surge of 15% following the resurfacing of a video where President Trump praised IBM's CEO. This event, coupled with a similar recent surge in Dell stock perceived as Trump-favored, suggests a potential, albeit speculative, influence of political sentiment and social media trends on individual stock performance. While not a broad market indicator, it highlights a niche driver for specific large-cap equities.
Investing.com -- IBM shares jumped as much as 15% in premarket trading on Monday after a video of President Donald Trump praising the company’s CEO resurfaced on social media over the weekend.
The clip, originally from a December event, shows Trump commending IBM CEO Arvind Krishna for taking the stock from a low price to a higher valuation. Trump noted he would not call the current price high because Krishna would likely say it will increase further.
Multiple accounts, including Polymarket Money, shared the video on X over the weekend. Polymarket Money’s post from Saturday accumulated more than 700,000 views as of 7:30 a.m. in New York.
The surge in IBM (NYSE: IBM) shares follows a 33% increase in Dell stock Friday, which gained attention on social media after being perceived as a Trump-favored company.