International Business Machines Corp. shares fell sharply today, extending a 6.5% decline from the previous session.
Growing investor uncertainty regarding generative AI’s impact on established software firms is driving the sell-off. Market participants remain divided on whether legacy providers will benefit from the technology or face significant disruption.
Investors are also monitoring a Confluent shareholder vote scheduled for today. The vote will determine the outcome of IBM’s proposed $11 billion acquisition of the data-streaming company.
The merger result represents a significant near-term catalyst for the stock. This development occurs as the market evaluates both the strategic implications of the deal and IBM's broader growth trajectory in the evolving AI landscape.