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Benzinga
Benzinga
Business
Avi Kapoor

Why Confluent Shares Are Trading Higher By Around 32%; Here Are 20 Stocks Moving Premarket

Confluent Confluent Inc Nasdaq
Section,Of,A,Financial,Newspaper,Titled,Key,Movers

Shares of Confluent Inc (NASDAQ:CFLT) rose sharply in pre-market trading.

International Business Machines Corp (NYSE:IBM) is reportedly in advanced discussions to acquire data-infrastructure company Confluent for approximately $11 billion. IBM is close to finalizing a deal to buy Confluent, a company that provides technology for managing real-time data streams used in large artificial intelligence models, reported The Wall Street Journal on Sunday.

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