Qualcomm's stock has dropped 9.67% in pre-market trading on June 1, while IBM has seen a significant rise of over 11%. The surge in IBM's stock follows a $1 billion grant from the U.S. Department of Commerce under the CHIPS Act to support a quantum chip manufacturing facility. This positive development has contributed to IBM's stock nearing its historical high.
Additionally, a video from last December featuring Trump praising IBM CEO Arvind Krishna has resurfaced, highlighting IBM's stock performance. Recent financial disclosures reveal that the Trump Trust purchased IBM shares in March, valued between $15,001 and $50,000, further boosting investor interest.
Qualcomm Falls 9.67% Pre-Market, IBM Surges Over 11%
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