IBM Stock Soars After Trump Praise Resurfaces

IBM's stock surged nearly 7% in overnight trading, extending gains sparked by last week's quantum foundry announcement and President Donald Trump's praise for the company's CEO.

The remarks, originally from a December White House business roundtable event, resurfaced online amid banter about the U.S. President's recent public ticker callouts this year.

Trump called IBM CEO Arvind Krishna 'legendary' and said the company's shares would 'go up a lot more,' with several notable finance news-related handles on X issuing posts highlighting the comments.

The retail sentiment for IBM moved higher in the 'extremely bullish' zone, and message volume rose 25% in the last 24 hours, as traders reposted Trump's comments and clarified that they are old.