International Business Machines Corporation (NYSE:IBM) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, Stifel analyst David Grossman raised the firm’s price target on the stock to $325 from $295 and kept a “Buy” rating on the shares. The rating affirmation follows IBM’s announcement that it has acquired Confluent for $11 bn, expanding its AI platform and aligning with its hybrid cloud strategy. “IBM announced the acquisition of Confluent for $11bn (all cash), or ~7x CY27 EV/revenue, in ...