Reported about 12 hours ago
Confluent's shares surged over 10% on Wednesday after reports emerged that the data streaming company is exploring a sale, collaborating with an investment bank in the process. The increasing interest from private equity firms and tech companies to acquire Confluent underscores the growing demand for AI infrastructure as the artificial intelligence boom continues. Despite the recent stock increase, shares remain down about 25% for the year following a previous decline due to lost business from a major customer.
Source: YAHOO