Arm, Instacart, IBM: Trending Tickers

Arm Holdings (ARM) shares close lower on Wednesday as ARK Invest Founder Cathie Wood notably avoided the chipmaker's IPO, stating there's "too much emphasis on AI." Instacart (CART) stock falls by over 10% to close out its first full trading day. Lastly, RBC analysts initiate coverage on IBM, rating it at "Outperform" with a price target of $188.

Yahoo Finance Live's Akiko Fujita and Josh Lipton highlight some of the top trending stocks after Wednesday's closing bell at the New York Stock Exchange.