BlockBeats News, May 31st—Today, a video clip from a White House roundtable meeting in December last year, where former President Trump praised IBM CEO Arvind Krishna, has resurfaced. In the video, Trump mentioned that IBM's stock price had risen from a low point to a good level, and he predicted it would "go even higher."
The reason for renewed interest is that on May 21st, IBM received a $1 billion funding from the U.S. Department of Commerce under the CHIPS Act for a quantum chip factory. Benefiting from this news, IBM's stock price has been on the rise for a week, with an increase of approximately 17.7%, approaching its historical high.
It is worth noting that Trump not only verbally praised IBM but also quietly purchased a small amount of IBM stock. The recently released U.S. Office of Government Ethics (OGE) Form 278-T financial disclosure document (2026 first-quarter transaction report) shows that the Trump Trust bought IBM shares on March 21st, albeit not a significant amount, in the range of $15,001 - $50,000.
