Why Confluent Stock Ripped Higher on Monday
The Motley Fool·2025-12-08 18:00

Confluent will help IBM grow faster -- but can it grow fast enough to justify a high stock price?IBM (IBM +0.67%) is buying Confluent (CFLT +29.30%) -- that's the big tech headline this morning -- and it's driving shares of the data streaming platform 29.2% higher through 11:50 a.m. ET Monday.IBM stock is also up, but only 1.5%. Details, pleaseIn a press release this morning, IBM announced the deal as a signed, definitive agreement to acquire all outstanding stock of Confluent for $31 cash. As the company ...