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NASDAQ:CNFL 30 March 2026

IBM Stock Rises, but AI Bet and Q4 Beat Still Can’t Shake Selloff Fears

IBM Stock Rises, but AI Bet and Q4 Beat Still Can’t Shake Selloff Fears

IBM shares rose 0.4% Monday but remain nearly 27% below their 52-week high after a sharp early-year selloff. The company completed its $11 billion Confluent acquisition on March 17 and will report first-quarter results April 22. IBM stopped disclosing standalone AI revenue, removing a key metric for investors. Bank of America reiterated a Buy rating and $340 target on March 10.
30 March 2026
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Stock Market Today

  • American Express to Acquire Hypercard, Boosting AI-Driven Expense Management
    April 20, 2026, 3:13 PM EDT. American Express (AXP) is set to acquire Hypercard, an AI-focused expense management platform, enhancing its commercial services with automated tools for expense categorization and policy enforcement. The acquisition, expected to close in Q2 2026, follows an existing partnership and positions AmEx to accelerate AI innovation within its product ecosystem. The move helps AmEx compete amid growing demand for integrated, AI-powered financial solutions, contrasting with Visa and Mastercard's parallel AI investments in fraud detection and payment security. AXP shares have surged 36.8% over the past year, trading at a forward P/E of 18.15X versus 11.91X for the industry. Analysts anticipate a 14% earnings increase in 2026, reflecting confidence in AmEx's AI expansion strategy.

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TQQQ Is Back in Focus as Filings Reveal Bigger Bets on Leveraged Nasdaq ETF

TQQQ Is Back in Focus as Filings Reveal Bigger Bets on Leveraged Nasdaq ETF

20 April 2026
Oriental Harbor Investment Master Fund doubled its stake in ProShares UltraPro QQQ to 2.4 million shares, worth about $126.6 million, in the fourth quarter, filings show. Q3 Asset Management and Main Street Group also increased TQQQ holdings. The disclosures came as the Nasdaq fell 0.55% Monday amid renewed U.S.-Iran tensions. TQQQ’s net assets stood at $31.6 billion as of April 17.
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