Trump's Bold Prediction: IBM Stock to Rise Following $1 Billion Government Investment

05/31 07:00

On May 31, a video clip from last December of Trump praising IBM CEO Arvind Krishna during a roundtable meeting at the White House has gone viral again. In the video, Trump stated that IBM's stock price has risen from a low point to a decent level and predicted that 'it will rise even more.' The renewed interest comes after IBM received a $1 billion funding from the U.S. Department of Commerce under the CHIPS Act for a quantum chip factory on May 21. This positive news led to a consecutive week of increases in IBM's stock price, with a rise of approximately 17.7%, nearing historical highs. Notably, Trump has not only verbally praised IBM but has also quietly purchased a small amount of IBM stock. Recently disclosed financial documents from the U.S. Office of Government Ethics (OGE) Form 278-T for the first quarter of 2026 reveal that Trump's trust bought a share of IBM stock on March 21, although the amount was not large, falling within the $15,001 - $50,000 range.

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