-- Investors in Adobe Inc. are increasingly on edge about competition from generative AI. The Photoshop maker’s results will illustrate how it’s coping with the threat.Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion
The stock trades at 24 times estimated earnings, a discount to its long-term average, and its recent weakness could mean a low bar to clear in the results. More than 75% of the analysts tracked by Bloomberg recommend buying the stock, while the average price target points to upside of 31%. “We’re still at the start of AI, so we don’t know what it will mean for software demand or efficiency, especially if some companies can offer almost every service,” said Michael Mullaney, director of global market research at Boston Partners. “Some are going to be very vulnerable, but others are going to really benefit. This feels like the calm before the storm.”Apple Inc. soared to a record on Tuesday, jumping 7.
GlobalFoundries Inc. will produce a sample of startup Diraq Pty’s chip equipped with both quantum and classical processors this month, the latest attempt to make quantum computers practical in the real world.Two London Hedge Fund Giants Said to Explore Abu Dhabi Outposts SAN JOSE, Calif., June 11, 2024--Today, Adobe hosted its "Design Made Easy" event for global marketers, sales, communications and HR professionals, showcasing how Adobe Express is enabling teams to easily design content while protecting their brands – powered by Adobe’s connected, enterprise-grade creative and experience apps and Adobe Firefly generative AI services and features designed to be safe for business.
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