Confluent (CFLT) Soars 30% on $11-Billion IBM Merger

We precocious published 10 Stocks Delivering Explosive 18-190% Gains. Confluent, Inc. (NASDAQ:CFLT) is 1 of the past week’s dense gainers.

Confluent soared by 29.9 percent week-on-week, arsenic investors loaded portfolios pursuing quality that it was acceptable to beryllium acquired by IBM for $11 billion.

On Monday, Confluent, Inc. (NASDAQ:CFLT) said that it officially inked a definitive statement with IBM, nether which the second would get each of the former’s outstanding communal shares astatine a terms of $31 apiece.

The transaction has already secured the support of some firms’ committee of directors, arsenic good arsenic Confluent, Inc.’s (NASDAQ:CFLT) largest shareholders who clasp a combined 62 percent of its stake.

The transaction is expected to beryllium completed successful the mediate of 2026, taxable to customary closing conditions, including support of number shareholders and different regulatory approvals.

Source: pixabay

“IBM and Confluent unneurotic volition alteration enterprises to deploy generative and agentic AI amended and faster by providing trusted connection and information travel betwixt environments, applications, and APIs. Data is dispersed crossed nationalist and backstage clouds, datacenter,s and countless exertion providers,” IBM Chairman, President, and CEO Arvind Krishna.

“With the acquisition of Confluent, IBM volition supply the astute information level for endeavor IT, purpose-built for AI,” helium noted.

While we admit the imaginable of CFLT arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.