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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, 2026IBM 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 and a $350 price target.
Lenschow said that IBM has built a more stable growth engine around its defensive software portfolio, adding that the bull case goes well beyond quantum computing hype.
Earlier today, UBS analyst Robert Ruple provided clients with a few reasons for the recent bounce in software stocks:
Persistent AI enthusiasm has driven one of the strongest two months of performance on record for the S&P with Tech/S5INFT up 14.3% m/m, shrugging off the US/Iran stalemate and stubborn inflation. While semiconductor stocks remain the clear leaders with SOX up 81% in 2026, a key question emerging late week is what's driving the rebound in software, which was up 9.9% w/w, which appears to be extending into Monday morning, tied to comments from Nvidia CEO Jensen Huang pushing back on the "Saaspocalyse" concerns (Bloomberg).
Software flows on the desk were slightly better to buy late last week, albeit skewed towards those in the consumption bucket on limited supply but based on what the UBS prime brokerage desk has seen, most of the price action has leaned in favor of covering.
Clearly the solid beat/raise from Snowflake catalyzed the sector to an extent, but aside from a handful of disappointments, most of the results were largely inline to better than feared. That said, many of the recent software laggards have quietly outperformed of late, with presumably some level of rotational forces at play. Also, a couple of people Friday claimed there was heavy retail buying in software because social media caught on to President Trump's purchase of ServiceNow stock, which is bit odd because this was disclosed back on May 15. Additionally, part of the move in IBM on Monday is being attributed to a video of Trump praising the company's CEO (Bloomberg) and discussing the stock back in December that was recirculated via social media.
In a recent note, Citi analyst Fatima Boolani said that IBM's software and hardware remain deeply embedded "across the most critical points of the world's largest, most complex IT infrastructures."
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Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift
Nvidia CEO Jensen Huang delivered the keynote address on Monday at GTC Taipei 2026, outlining the next evolution of AI compute.
Huang's presentation included updates on the Vera Rubin platform, a new lineup of Windows PCs developed with Microsoft for AI workflows, the launch of an enterprise agent toolkit, and next-generation AI infrastructure systems to accelerate data-center and agentic AI adoption.
A team of Goldman analysts, led by James Schneider, attended GTC Taipei 2026 and shared the top takeaways with clients.
Schneider had three key investment takeaways:
First, Nvidia (with Microsoft) is pursuing its traditional PC TAM more aggressively, which we believe could help drive some momentum for Windows on ARM (which has been extremely slow to date) given a concerted push with software partners.
Second, Nvidia continues to push its advantage in datacenter-level performance and cost leadership as a key differentiator relative to competitors - which we think should allow it to maintain competitive dominance at all but the largest hyperscalers.
Third, Nvidia is aggressively investing to drive the adoption of agentic AI across developers and ecosystem partners, and its Vera Rubin revenue ramp remains on track.
Here's more color on those takeaways:
Vera Rubin update: Nvidia announced that it is now ramping full production of its Vera Rubin platform, with multiple rack-scale systems (NVL72 GPUs, Vera CPUs, Groq 3 LPUs, BlueField storage, Spectrum-X networking) contributing to AI factory designs. The company highlighted that Vera GPUs are purpose-built for agentic AI use cases, with up to 1.8X the performance of X86 systems and 10X agent throughput vs. Blackwell. We expect a materially steeper revenue ramp for Rubin (beginning in 3Q) relative to Blackwell given meaningful manufacturing efficiencies and greater total capacity. In addition, the company highlighted its DSX AI Factory reference platform, which helps customers optimize their AI datacenters to bring operations up faster, while optimzing power consumption and system uptime.
New lineup of Windows PCs with Microsoft targeting AI workflows: Nvidia, in collaboration with Microsoft and Mediatek, launched a new Windows-based PC platform targeting AI workflows. The RTX Spark product combines a Blackwell RTX GPU with a 20-core Grace GPU (co-designed with Mediatek) using NVLink to deliver a high-performance PC experience optimized for AI applications - which we expect to be targeted at the premium segment of the market. OEM partners will launch laptop, desktop, and workstations systems beginning this fall, with launch partners including ASUS, Dell, HP, Lenovo, Microsoft, MSI, Acer and Gigabyte.
Launch of Enterprise Agent Toolkit. Nvidia announced a series of new software releases targeting agentic AI use cases in the enterprise, including NemoClaw, Nemotron 3 Ultra, OpenShell, and CUDA-X Agent Skills.
Physical AI announcements: Nvidia launched new versions of its open Cosmos (v3) frontier model targeting multi-modal reasoning, and Alpamayo (v2) which is targeted as a reference platform for self-driving cars. The company also announced its first open reference design for humanoid robots, based on its Isaac Gr00t and Jetson Thor hardware platform.
"The PC is being reinvented," Huang said. "For forty years, you launched apps. Click. Type. With RTX Spark and Microsoft Windows, you ask — and the PC does the work. RTX Spark brings everything NVIDIA has built — CUDA, RTX, our AI platform — into a single superchip. Local agents. Frontier models. Creative workflows. RTX games. All on a laptop. This is the new PC. The personal AI computer."
Jensen Huang says the AI PC reinvention is as big as the smartphone shift by calling it “a new line” and “a new beginning.”$NVDA and $MSFT unveiled RTX Spark which will be the world’s most powerful deskside AI supercomputer built to run next-gen AI agent workloads locally. https://t.co/aUTBmJ3a5G pic.twitter.com/oz21vosT5S
— Shay Boloor (@StockSavvyShay) June 1, 2026Nvidia shares rose 2.5% in premarket trading in New York after Huang's comments outlined that the company was entering the PC market with a new chip.
Arm ADRs soared 12% as traders viewed Nvidia's PC push as supportive of the Arm ecosystem. However, the announcement pressured incumbent processor stocks, with Intel sliding 6%, Qualcomm down 9.5%, and AMD falling 3.5%.
Schneider is "Buy" rated on NVDA with a 12-month price target of $285. This is based on a 30X P/E multiple applied to his team's normalized EPS estimate of $9.50.
Meanwhile, overnight, Intel announced a new AI chip, code-named Crescent Island, expected to hit the consumer market by the end of the year, according to the Financial Times.
"We decided to start rebuilding our muscles in AI . . . [but] we are not particularly aiming for [the training market] based on past experience," said Kevork Kechichian, who leads Intel's data center group.
The AI chip race is accelerating, with today's biggest news being Nvidia's move to reinvent the PC market with a new AI chip.
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Aww... Look At The Cute Dancing-Robot Police-State Surveillance-Dog...
Authored by Steve Watson via Modernity.news,
Boston Dynamics’ Spot robot dogs are being deployed at designated World Cup venues in the US to perform perimeter security inspections, prompting concerns over the advance of surveillance tech.
The company has stated that the machines “will be used to assist security personnel with investigating things like suspicious packages or other potentially hazardous materials.”
These four-legged fiends are set to roam, and even dance (oh how cute) around AT&T Stadium in Dallas and other FIFA sites ahead of the 2026 tournament, sending live feeds back to human teams with their 360-degree cameras, thermal sensors, acoustic pickups, and AI anomaly detection.
These are the new Boston Dynamics Spot robots deployed in Dallas for the 2026 FIFA World Cup
They are being used for security at World Cup venues in the Dallas area
Their jobs include:
- Perimeter security inspections
- Assisting with suspicious packages or hazardous materials… pic.twitter.com/rLsl2wnFuA
“The robots do not have facial recognition capabilities,” a Boston Dynamics spokesperson told WFAA, insisting they spot unauthorized people in restricted zones without utilising facial scans for now, after a viral TikTok video made the claim.
Hyundai, the South Korean owner of Boston Dynamics and major FIFA sponsor, added the bots “will support on-site security operations, helping contribute to a safer tournament environment.”
But peel back the puppy-like head tilts and choreographed spins and you see the real rollout: tireless mechanical sentries normalizing constant surveillance on American soil. They look fun today at the soccer spectacle expecting half a million visitors. Tomorrow the same platforms patrol streets, malls, and events nationwide, always watching, always recording.
This isn’t some isolated gimmick. It’s fast becoming commonplace in cities such as Atlanta, where robot security dogs prowl apartment complexes and parking lots issuing verbal commands to citizens.
Recent videos show residents greeting the units politely and complying instantly – only for the bot to still summon real police anyway. The voice responding through the speaker carries a clear foreign accent. Speculation is rife that the live operators controlling these machines and watching every feed sit thousands of miles away in India.
Another viral clip captured locals staring down the mechanical intruder with a classic line that perfectly summed it up.
These aren’t fully autonomous terminators yet. Real people – often overseas – sit at consoles staring at your every move through the robot’s eyes and ears, deciding when to hit the siren or dial American cops on you.
Your privacy, your neighborhood, your compliance all funneled through foreign call-center eyes. Data stored, analyzed, potentially shared who-knows-where. Ordinary citizens get lectured by a machine whose controller doesn’t even live in the country.
The same quadruped platform that dances cutely for World Cup selfies or patrols Atlanta lots is already being militarized abroad. Just weeks earlier, footage emerged of China unleashing machine-gun-toting robot wolves engineered with a shared “collective brain” that lets them hunt and coordinate in simulated street battles.
These pack-hunting death machines storm positions, clear entire urban blocks in minutes, and spare human troops the risk while turning dissent or resistance into target practice. Non-military versions are even for sale to civilians.
While American cities outsource low-level enforcement to remote foreign operators who record and report on citizens, China turns the same tech into lethal swarms ready for real conflict.
The cute dancing dog at the stadium today carries the same sensors and mobility as tomorrow’s enforcer. Denials about “no facial recognition” ring hollow when software upgrades and off-the-shelf AI can bolt it on. The hardware is already here. The willingness to expand its role grows every time the public shrugs and scrolls past another viral clip.
While this tech supposedly keeps big events “safe,” everyday Americans already endure open-border chaos, rising crime in blue cities, and government agencies that treat citizens as the threat. Surely the real priority should be securing the actual border, deporting criminals, and backing law enforcement that answers to voters – not handing patrol duties to remote-operated spy dogs whose operators answer to foreign paychecks.
Once these machines become commonplace, backed by endless camera grids and AI flags, the slide into a permission-based society accelerates. Move along when the robot says so. Stay out of the restricted zone it defines. Don’t question the system streaming your life overseas.
The dancing bots are a warning, not a toy. Freedom means rejecting the slow normalization of this dystopian show on American streets. Push back now, demand human accountability and constitutional limits, or watch the cute dancing routine quickly morph into a demand for compliance.
Yeah, I saw that episode of Black Mirror...
...it didn't go so well. pic.twitter.com/DYymNOLaBE
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Tyler Durden Mon, 06/01/2026 - 08:35