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01.06.26 - 16:33
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IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates (ZeroHedge)
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IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates
IBM shares jumped as much as 15% in premarket trading after Bloomberg described a recirculated video of President Trump stating that the stock is "going to go up a lot more."
The clip, reposted by Polymarket Money on Saturday evening, appears to have fueled another leg higher in what has already been an eye-popping, multi-week rally.
In the clip, dated December 10, Trump boasted that IBM CEO Arvind Krishna had "taken the stock from a rather low price to a very nice price."
"I won't say high because I'm sure you're going to say it's going to go up a lot more," Trump added.
Trump says $IBM is “going to go up a lot more.”pic.twitter.com/KgzV0qy19j
— Polymarket Money (@PolymarketMoney) May 31, 2026
IBM logged the largest monthly gain in May since October 2002.
Another overnight catalyst was Barclays analyst Raimo Lenschow, who initiated coverage of IBM with an Overweight rating...
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09.02.26 - 19:27
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Kyndryl Collapses On Accounting Review, CFO Exit As Analysts Brand IBM-Spinoff A "Disaster" (ZeroHedge)
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Kyndryl Collapses On Accounting Review, CFO Exit As Analysts Brand IBM-Spinoff A "Disaster"
Shares in Kyndryl, an IBM spinoff and IT infrastructure services provider, crashed on Monday after the company warned investors that it is reviewing certain accounting practices amid an inquiry from the Securities and Exchange Commission. The company also posted third-quarter results that missed Bloomberg Consensus estimates and disclosed what JPMorgan analysts described as a "surprise" departure of its CFO.
Kyndryl stock crashed as much as 57%, its biggest one-day drop on record. Shares traded at their lowest level since November 2022 after the company disclosed an SEC inquiry into certain accounting practices.
In a filing, Kyndryl said it "anticipates reporting material weaknesses in the Company's internal control over financial reporting for the period covered in the Quarterly Report, as well as for the full fiscal year ended March 31, 2025, and the first two fiscal quarters of fiscal year 2026."
Th...
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