IBM Faces Drop in Extended Trading Despite Acquisition of HashiCorp Inc.
IBM faces a 9% drop in extended trading due to disappointing sales in its consulting unit, despite acquiring software firm HashiCorp for $6.4 billion. CEO Arvind Krishna aims to shift IBM into a software and services-focused entity, leveraging HashiCorp’s technology for a hybrid cloud platform. Despite the drop in shares, IBM’s stock has shown a 13% increase this year, outperforming the S&P 500 Information Technology Sector Index. With a focus on AI-related products and consulting, IBM anticipates a positive impact on earnings following the acquisition of HashiCorp.
Stocks Making Waves in Premarket Trading: IBM, Tesla, Nokia, Humana and More
Stocks making the biggest moves premarket: IBM, Tesla, Nokia, Humana and more It’s an eventful day for the stock market as several major companies are making waves in premarket trading. Here are some of the key players: IBM (International Business…