"Oracle of Stocks" Trump takes further action: Predicted IBM rise in December, in May the government invests $1 billion, boosting its stock price.
BlockBeats news, May 31—Today, a video clip filmed last December at a White House roundtable, in which Trump praised IBM CEO Arvind Krishna, has gone viral again. In the video, Trump notes that IBM's stock price has rebounded from a low point to a good level, and predicts that "it will go up even more."
The reason for the heated discussion is that on May 21, IBM received a 1 billion US dollar CHIPS Act quantum chip factory grant from the US Department of Commerce. Boosted by this positive development, IBM's stock price has risen for a full week, increasing by about 17.7%, nearing its historical high.
It is worth noting that Trump not only praised IBM verbally, but also quietly bought a small amount of IBM stock. According to the recently released US Office of Government Ethics (OGE) Form 278-T financial disclosure (Q1 2026 transaction report), the Trump trust purchased a batch of IBM shares on March 21, though the amount was not large—between 15,001 and 50,000 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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