Big tech, chips, software, cloud, AI platforms, devices, and the companies shaping the digital economy.
Adobe reported an earnings beat supported by strong demand for its artificial intelligence products. The results were not enough to prevent a stock slide, as investors weighed the company’s outlook and leadership news.
THE APEX TIMES
THE APEX TIMES
Microsoft CEO Satya Nadella warned employees against defaulting to the most powerful, most expensive AI systems for every job, arguing that teams should match model capability to the problem to control rising compute and infrastructure costs.
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Intel shares were up sharply in Friday’s midday trading, prompting fresh comparisons with other mega-cap semiconductor names investors track most closely.
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A bullish note from Citi increased its price target for AMD to $575, up from $460, arguing the company’s opportunity set extends beyond traditional computer processors.
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A top finance executive’s exit plans and weakening sentiment around Adobe Stock weighed on the software maker’s shares, despite an update that lifted the company’s outlook.
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A report highlighted a new 168 megawatt, AI-ready data center in Gujarat that Meta would lease from Reliance, alongside Meta’s $115 million commitment to train and place US workers. The combination points to how Meta may be trying to reduce bottlenecks in both compute capacity and AI staffing as demand rises.
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Shares of Adobe fell after the company reduced its guidance for organic annual recurring revenue growth, flagged a slower path to monetizing AI, and announced a leadership change in the finance office.
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The legal data intelligence company says the acquisition will help expand AI-native drafting and review capabilities built for legal workflows, including work inside Microsoft Word.
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A report says Apple has fully closed the chapter on its autonomous-car efforts after Waymo acquired an Arizona self-driving proving ground tied to the long-running Project Titan program.
