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International Business Machines (IBM) has announced a definitive agreement to acquire data-streaming pioneer Confluent for $11 billion in cash. The deal is a strategic move to secure the critical "data-in-motion" infrastructure required to power its watsonx AI platform and hybrid cloud offerings.
A new report from HFS Research and NewRocket finds that enterprises are prioritizing implementation partners with deep AI expertise to modernize workflows on platforms like ServiceNow. This demand is driven by clear evidence that strategic AI adoption delivers significant financial returns and operational efficiency.
ARK Invest has adjusted its portfolio by acquiring 51,300 shares in Chinese technology firm Baidu while divesting 2,100 shares of Tesla. The move coincides with a surge in Baidu's stock, driven by plans to spin off its AI chip unit, and a valuation-driven downgrade of Tesla by Morgan Stanley.
Brokerage firms are directing investors toward technology, manufacturing, and cyclical stocks in their December recommendations, building on a successful November where top picks yielded significant returns. The strategy signals a bullish outlook on sectors tied to economic growth and industrial output.
Corporate acquisition activity intensified with two major announcements: IBM plans to acquire data-streaming firm Confluent for $11 billion, and Paramount Skydance has launched a hostile bid to acquire all of Warner Bros. Discovery, challenging a prior agreement with Netflix.
Pure Storage (PSTG) stock fell 27% despite meeting earnings expectations after the company announced plans to reinvest AI-related revenue into R&D, negatively impacting its 2027 profit margin forecast. The move highlights a discerning market that is closely scrutinizing the high cost and long-term payoff of corporate AI strategies.