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Qualcomm Falls 9.67% While IBM Surges Over 11% on CHIPS Act Funding

2026-06-01 11:17:26

According to BlockBeats, on June 1, Qualcomm shares fell 9.67% in premarket trading, while IBM surged over 11% amid renewed investor interest. The momentum follows IBM's announcement on May 21 that it received a $1 billion CHIPS Act grant from the U.S. Department of Commerce for quantum chip manufacturing.

Financial disclosures filed with the U.S. Office of Government Ethics show that Trump's trust purchased IBM shares on March 21, with the transaction valued between $15,001 and $50,000, according to Form 278-T filings for the first quarter of 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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