Adobe

5 articles

Software stocks rally as AI chip surge cools and security takes center stage

Software and cybersecurity stocks are now outpacing chipmakers. Investors are moving away from AI hardware and betting on security and practical software, with the iShares Expanded Tech-Software ETF up 15% this quarter while semiconductor funds drop.

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JPMorgan cuts Adobe price target as user growth outpaces revenue

JPMorgan lowered its Adobe price target to 315 dollars despite strong earnings, citing slower revenue growth as the company prioritizes expanding its user base over immediate profits

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Smart Money Backs European AI Lab as Biotech Bets Stumble

Samsung's $3.5 billion investment in French AI startup Mistral signals global demand for AI infrastructure even as biotech stocks like Ionis and Novartis face setbacks after disappointing drug trial results

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Adobe CEO Shakeup: Anil Chakravarthy to Succeed Shantanu Narayen

Adobe is set for a major leadership transition as Anil Chakravarthy prepares to take over as CEO in December 2026, while the company faces mounting investor pressure and a sharp decline in its stock price

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IBM Stock Plunge Sparks Selloff Across Software and Consulting Sector

IBM shares tumbled up to 23% after missing Wall Street's Q2 targets, triggering a wave of selling in software and consulting stocks as investors reassessed tech spending priorities amid hardware shortages

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