International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp's stock surged 24%, giving it a market value of $6.1 billion. A deal for HashiCorp could be finalised in the coming days, but it is still possible that the talks may not result in a transaction, according to the Wall Street Journal which first reported the possible acquisition...

A deal for HashiCorp could come together in the coming days, according to people familiar with the matter. A deal for HashiCorp would likely command a premium above where the stock is currently trading. HashiCorp had a market capitalization of $4.9 billion after its stock rose about 4% so far this year as of Tuesday afternoon...

IBM stock is a hot pick on Wall Street for the first time in a decade. Analysts are looking for signs of further AI progress...