Qualcomm, Microsoft Lean on AI Hype to Spur PC Market Revival [BNN Bloomberg (Canada)]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: BNN Bloomberg
The new laptops differ from standard devices with the inclusion of an additional processor that's tailored to speed up AI features like personal assistants and the ability to automate tasks. But only 3% of PCs shipped this year will meet Microsoft's processing power threshold to be considered an AI PC, according to industry research firm IDC. To persuade consumers and corporations that it's time to buy, the industry will need to offer a wider variety of the PCs and deliver software that takes advantage of the new hardware. So far, analysts and reviewers also are taking a skeptical tone toward the new laptops' artificial intelligence abilities. Usefulness is limited because few software makers beyond Microsoft are building features to utilize the new chips in the machines optimized for AI tasks, said Eric Compton, a financial analyst focused on the PC industry at Morningstar. Application makers like Adobe Inc., Salesforce Inc. and SentinelOne Inc. rebuffed one of the largest PC
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ADBE
News
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Stifel Nicolaus from $600.00 to $650.00. They now have a "buy" rating on the stock.MarketBeat
- Is Adobe Inc. (ADBE) the Best Augmented Reality Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Barclays PLC from $650.00 to $675.00. They now have an "overweight" rating on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Oppenheimer Holdings Inc. from $580.00 to $625.00. They now have an "outperform" rating on the stock.MarketBeat
- Adobe Systems (ADBE) Stock Moves -0.59%: What You Should Know [Yahoo! Finance]Yahoo! Finance
ADBE
Earnings
- 6/13/24 - Beat
ADBE
Sec Filings
- 8/19/24 - Form 4
- 8/12/24 - Form 4
- 8/12/24 - Form 3
- ADBE's page on the SEC website