IBM Stock Surges 17.7% After $1 Billion U.S. CHIPS Act Grant; Trump Predicted Rise in December

GateNews
IBM11.24%
According to BlockBeats, IBM stock jumped 17.7% following a $1 billion CHIPS Act quantum chip factory grant from the U.S. Commerce Department on May 21. The rally aligns with remarks Trump made in December, when he praised IBM CEO Arvind Krishna and predicted the stock would rise further. Financial disclosures show Trump's trust purchased IBM shares in March, within the $15,001 to $50,000 range, according to a U.S. Office of Government Ethics (OGE) Form 278-T filing.
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