Qualcomm Plunges Nearly 10% in Pre-market Trading, IBM Surges Over 11%

BlockBeats News, June 1st, according to Bitget market data, Qualcomm's pre-market price continues to fall, currently down by 9.67%; IBM continues to rise, with a pre-market gain of over 11%.

On the news front, a video clip of former President Trump praising IBM CEO Arvind Krishna at a White House roundtable meeting in December last year has recently gone viral again. In the video, Trump mentioned that IBM's stock price has risen from a low level to a good level and predicted it would "go up even more." On May 21st this year, IBM received a $1 billion fund from the U.S. Department of Commerce under the CHIPS Act for a quantum chip factory. Boosted by this positive news, IBM's stock price has risen for a week, nearing its historical high.

It is worth noting that Trump not only verbally praised IBM but also quietly bought a small amount of IBM stock. The recently disclosed U.S. Office of Government Ethics (OGE) Form 278-T financial disclosure document (First Quarter 2026 Transaction Report) shows that the Trump Trust bought a tranche of IBM stock on March 21st, albeit not a large amount, in the range of $15,001 - $50,000.