ADBE News

Billionaire investor Stanley Druckenmiller's family office Duquesne has divested his entire stake in Broadcom, simultaneously increasing his investments in major tech companies, as revealed in a recent 13-F filing.

Adobe Inc (NASDAQ:ADBE) shares are trading higher while the broader market moves lower following hot Consumer Price Index data. Adobe on Wednesday announced a new AI model capable of generating video.

Marques Brownlee highlights how Google's Veo 2 AI video generator outperforms OpenAI's Sora in realism and accuracy, leveraging YouTube's extensive data for superior results.

Meta plans to launch an AI-powered video editing feature in 2025, leveraging its Movie Gen AI to enable creators to transform videos with text prompts, as teased by Instagram boss Adam Mosseri.

IBM explores integrating IBM Granite models with Salesforce's Einstein 1 platform while partnering with AWS to enhance AI governance for Amazon SageMaker clients.

Figma announces tender offer for investors to sell shares at $12.5B valuation, marking 25% increase from 2021. Deal falls short of Adobe's $20B offer.

David Tepper, billionaire hedge fund manager, bullish on China. Trimmed stakes in U.S. tech giants, added Alibaba, along with other China-based companies.

A whale with a lot of money to spend has taken a noticeably bearish stance on Adobe. Looking at options history for Adobe (NASDAQ:ADBE) we detected 14 strange trades.

Adobe's (NASDAQ:ADBE) short percent of float has fallen 11.67% since its last report. The company recently reported that it has 4.97 million shares sold short, which is 1.06% of all regular shares that are available for trading.

Adobe (NASDAQ:ADBE) is set to give its latest quarterly earnings report on Thursday, 2022-09-15. Here's what investors need to know before the announcement. Analysts estimate that Adobe will report an earnings per share (EPS) of $3.33.

Credit Suisse cut the price target for Rent the Runway, Inc. (NASDAQ: RENT) from $7 to $4. Rent the Runway shares fell 30.6% to trade at $3.42 on Tuesday.

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Someone with a lot of money to spend has taken a bearish stance on Adobe (NASDAQ:ADBE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Adobe (NASDAQ:ADBE) has observed the following analyst ratings within the last quarter:

Mizuho cut the price target for Adobe Inc (NASDAQ: ADBE) from $480 to $440. Adobe shares fell 1.3% to $389.82 in pre-market trading.

Within the last quarter, Adobe (NASDAQ:ADBE) has observed the following analyst ratings:

Mizuho cut the price target for NIO Inc. (NYSE: NIO) from $48 to $42. NIO shares rose 0.1% to $17.50 in pre-market trading.

The broader technology sector is trending lower on Friday amid COVID-19 concerns in China, the continued Russian-Ukraine conflict, and Amazon’s (NASDAQ: AMZN) poor quarterly earnings report are pressuring the markets into the weekend.

Adobe (NASDAQ:ADBE) has outperformed the market over the past 5 years by 12.59% on an annualized basis producing an average annual return of 24.49%. Currently, Adobe has a market capitalization of $190.69 billion.