The forecast allayed investor fears that Adobe, a major player in the market for editing tools for photos and videos, could lose customers to AI startups...
- Adobe shares soared 14% before the bell on Friday after the Photoshop-maker raised its annual revenue forecast as more customers turned to its AI-powered editing tools .
"Increasing availability of Firefly has translated to better traction across both new and existing users," RBC Capital analysts said.If premarket gains hold, Adobe will add about $30 billion to its market value. Its shares are down about 23% so far this year, compared with a gain of nearly 14% for the S&P 500 index.The company raised the midpoint of its fiscal 2024 revenue forecast to $21.45 billion on Thursday, compared with its prior midpoint of $21.40 billion.
Nvidia stock forecast: After rising more than 200% in a year the chipmaker could be fabulously profitable, an AI leader—and an extremely poor investmentClaiming the CPP at 60 has financial consequences but could be advantageous and more beneficial to some prospective retirees. The post Claim CPP at 60? Here’s Why it Could Pay Off Big appeared first on The Motley Fool Canada.
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