Trump Publicly Praises IBM, Pre-Market Shares Rise Over 3%, CEO Receives Presidential Endorsement

On June 23, IBM (IBM.US) saw a pre-market increase of 3.26%, reaching $260.44. During a ceremony at the White House on Monday, Eastern Time, Trump signed an executive order on quantum computing and specifically praised IBM CEO Arvind Krishna's leadership abilities. Previously, when Trump publicly mentioned Dell, its stock price surged over 14% during trading, leading to a short-term follow-the-leader effect in the market for 'presidential concept stocks.' Trump also joked that selling his IBM shares when he took office was 'not a wise choice,' further reinforcing positive market attention towards IBM.