IBM stock slides as AI disruption jitters grow, Confluent vote looms
IBM shares fell 6.5% to $272.81 on Wednesday, closing below their 200-day moving average after software stocks slid on renewed AI disruption concerns. Confluent, set to be acquired by IBM for $31 per share, reported Q4 revenue of $314.8 million and will hold a shareholder vote on the merger Thursday. U.S. inflation data due Friday remains a key focus for investors.