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IBM shares slipped 6% in extended trading on Wednesday.
IBM shares fell 6% after exceeding expectations but maintaining its full-year guidance.
KEY POINTS
- IBM's infrastructure revenue rose 15%, driven by a 51% increase in Z mainframe hardware sales.
- In mid-March, IBM finalized its $11 billion acquisition of Confluent, a data streaming company.
- AI model builder Anthropic's statements led to a 13% single-day drop in IBM's stock in February.
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