IBM acquired Confluent for $11B in cash, a 34% premium, to lead real-time data streaming for AI. IBM’s AI business reached $9.5B in Q3 with a 17% revenue increase. ASML reported $7.52B in Q3 revenue with a 29.4% profit margin from extreme ultraviolet lithography technology.

Retail traders show strong support for IBM and ASML, with both stocks rising. IBM closed at $312.67, up 49% from its low. ASML hit $1,111.60, a 58% year-to-date increase. Traders believe both companies are well-positioned to capitalize on AI infrastructure demand without overspending.

Confluent surged 30% after IBM’s $11B acquisition, boosting AI data streaming. Retail traders favor IBM’s AI strategy due to its $9.5B Q3 revenue and proven M&A record. ASML’s monopoly in lithography tech and $7.52B Q3 revenue drives bullish sentiment. Traders see limited downside risk despite stock prices near $1,111.

A recent study reveals one habit that doubles Americans’ retirement savings. The habit is simple, not related to income or spending, yet highly effective. Many Americans underestimate retirement needs, but adopting this habit can significantly boost savings.

Read more at Yahoo Finance: Why Traders Are Backing IBM and ASML Over other AI Plays