'Trump effect' comes to IBM stock, 6 months after US President called IBM CEO Arvind Krishna a …
Summary
IBM shares rose sharply after renewed social media attention around Donald Trump’s praise of CEO Arvind Krishna. The move added roughly $28 billion in market value and came on top of a recent rally driven by AI-related optimism. Traders and analysts pointed to momentum buying and algorithmic trading as key forces behind the surge. The article also notes that IBM’s quantum computing plans and a $1 billion government-backed chip foundry project have helped support investor interest.
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