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Here's the Artificial Intelligence (AI) Growth Stock Down 24% I Just Added to My Portfolio
The Motley Fool· 2024-06-19 22:00
Short-term challenges pushed this stock price down, but the long-term outlook remains strong.Every so often, the market will put a great stock on sale, and it's important to recognize whether that sale is a buying opportunity or a warning to investors.The market may put a stock on sale because operations are deteriorating, competition is eating into its market share, or for several other legitimate reasons. Sometimes, though, the market ends up weighing near-term challenges much more heavily than a positive ...
Adobe (ADBE) Boosts Acrobat Offerings With Generative AI
ZACKS· 2024-06-19 14:45
Adobe (ADBE) is riding on the solid momentum of its family of creative, generative AI models, Firefly, which has been bolstering its generative AI strength for some time now. The company is continuously making efforts to expand its Firefly-powered solution offerings to deliver enhanced customer experience.ADBE recently integrated Firefly-powered Generative Fill, Remove Background, Erase and Crop features into Acrobat, which are designed to allow customers to edit images directly in PDFs. The company also in ...
Adobe and Broadcom's Results Look Like Great News for the Rest of the Tech Sector
The Motley Fool· 2024-06-19 12:00
Sustained gains in the tech sector will depend on artificial intelligence investments paying off.The current technology sector rally has been largely driven by Apple, Microsoft, and the semiconductor industry. Broadly speaking, the software industry has been lagging behind. However, Adobe's (ADBE 0.68%) latest quarterly results show that its artificial intelligence (AI) investments are paying off. Meanwhile, Broadcom (AVGO -1.44%) is on track to generate over $50 billion in revenue this fiscal year -- a mil ...
US Government Sues Adobe Over 'Convoluted' Cancellation Process
CNET· 2024-06-19 01:04
The US government, acting on a referral from the Federal Trade Commission, filed suit against Adobe on Monday for reportedly making its subscriptions confusing and costly to cancel. The suit alleges that Adobe, among other things, hides the existence of an early termination fee when users sign up for the annual subscription plan, revealing the fee only when a subscriber tries to cancel. Adobe's products include Photoshop, Illustrator, Acrobat Reader and others."During enrollment, Adobe hides material terms ...
3 Reasons Growth Investors Will Love Adobe (ADBE)
ZACKS· 2024-06-18 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?
The Motley Fool· 2024-06-18 12:00
Adobe is well-positioned to be a market leader in the new age of AI-infused creativity.Adobe (ADBE -1.25%) shares shot up 14.5% last Friday after the company reported strong second-quarter results and boosted its full-year 2024 guidance. Adobe had been one of the poorer-performing stocks in the S&P 500 index. And even after Friday's gain, it is still down 12% in 2024.Here's why Adobe could be turning the corner and why the growth stock is worth buying now. A new narrativeAdobe stock sold off heavily in Marc ...
3 ESG Stocks Crushing the ‘Sustainability Kills Profit' Myth
Investor Place· 2024-06-18 10:00
It’s easy to fall under the notion that ESG stocks – that is, enterprises that prioritize environmental, social and governance-related directives – will somehow generate less stakeholder profits than enterprises that aren’t so generous. After all, why would a company investing in doing the right thing be better off than those cutting corners?It’s simple, straightforward logic – and it could also be dead wrong. For example, thought leaders like McKinsey laid out several reasons why ESG stocks could profit fr ...
3 Cloud Computing Stocks to Buy Now: June 2024
Investor Place· 2024-06-18 10:00
Since OpenAI launched ChatGPT in November 2022, the AI thesis has lifted many technology stocks. However, software stocks have recently faced the perfect storm as investors price in the risk of AI disruption. Due to uncertainty, investors are throwing out the baby with the bathwater, presenting some cloud computing stocks to buy now.Over the past three months, the iShares Expanded Tech-Software Sector ETF (BATS:IGV) is down 3%, while the S&P 500 is up over 5%. The underperformance is due to the risks AI cou ...
Adobe is having a terrible month
Business Insider· 2024-06-18 09:30
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAdobe spent the first half of June addressing user fury around its terms of use. Before the controversy ful ...
My Top Artificial Intelligence (AI) Stock to Buy Now (and It's Not Nvidia)
The Motley Fool· 2024-06-18 08:15
Adobe is monetizing AI in the enterprise-software space.Artificial intelligence (AI) demands increased computing power, which has been a boon for technology infrastructure and semiconductor companies like Nvidia. These companies benefit from the need to run complex AI models no matter where they come from.Enterprise-software companies like Adobe (ADBE -1.25%) are challenged because they have to prove AI is worth investing in. In other words, users need to like and pay for what Adobe is building. The company ...