Qualcomm Pre-Market Drops 9.67%, IBM Rises Over 11%

Huo Xing Finance reports that, as of June 1, according to market data, Qualcomm's stock has continued to decline pre-market, with a current drop of 9.67%; IBM has extended its gains, rising over 11% pre-market. On the news front, a video clip from last December in which Trump praised IBM CEO Arvind Krishna during a White House roundtable discussion has recently gone viral again. In the video, Trump stated that IBM's stock had risen from its lows to a solid level and predicted, “It will go even higher.” In May 21 of this year, IBM received a $1 billion grant from the U.S. Department of Commerce under the CHIPS Act to fund a quantum chip manufacturing facility. Benefiting from this positive development, IBM’s stock rose for a consecutive week, nearing its historical high. Notably, Trump has not only verbally praised IBM but has also quietly purchased a small amount of IBM stock. Recently disclosed U.S. Office of Government Ethics (OGE) Form 278-T financial disclosure filings (first-quarter 2026 transaction report) show that the Trump Trust purchased IBM shares on March 21, though the amount was modest, falling within the range of $15,001 to $50,000.