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Adobe shares fall 14% in biggest drop in two years: hit by AI disruption fears
Adobe shares fell 14% local time on Thursday, the biggest drop since September 2022, after the software provider issued disappointing revenue guidance. Adobe said in its earnings report on Wednesday local time that it expects sales for the first fiscal quarter of 2025 to be in the range of $5.63 billion to $5.68 billion (currently about 40.948 billion yuan to 41.312 billion yuan). According to LSEG, analysts on average expect revenue of $5.73 billion (currently about 41.676 ...- 519
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Nvidia's market value evaporated by more than $200 billion and shrunk to about $3.1 trillion
NVIDIA's market value has experienced a dramatic evaporation in the past two days, with a total of more than $200 billion (about 1.45 trillion yuan), causing it to fall from the throne of the world's highest market value to third place. On Friday, the company's stock price closed down more than 3%, with a price per share fixed at $126.57. The cumulative decline for several consecutive days exceeded 6%, and the market value shrank to about 3.1 trillion US dollars, lagging behind technology giants Apple and Microsoft. Despite the short-term fluctuations in market value, Wall Street analysts remain optimistic about NVIDIA's future prospects. Melius R…- 1.8k
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