HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker

HashiCorp shares jumped as much as 26% on Tuesday following a media report claiming IBM was in talks to acquire the cloud software maker.Developers use HashiCorp's software to set up and manage infrastructure in public clouds that companies such as Amazon and Microsoft operate. Citing unnamed sources, The Wall Street Journal said a deal could come in the next few days.HashiCorp and IBM both declined to comment.Founded in 2012, HashiCorp went public on Nasdaq in 2021. The company generated a net loss of near ...