Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years.
Read More Adobe surges as AI optimism fuels annual revenue forecast
Tag: tech
Broadcom soars as demand for AI chips powers forecast raise
Broadcom surged about 15% as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology.
Read More Broadcom soars as demand for AI chips powers forecast raise
AI-powered Apple overtakes Microsoft as world’s most valuable company
Apple shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion.
Read More AI-powered Apple overtakes Microsoft as world’s most valuable company
Wall St unsettled ahead of inflation data, Fed meeting
Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.
Read More Wall St unsettled ahead of inflation data, Fed meeting
US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
The Supreme Court agreed to hear a bid by Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors about the misuse of its user data.
Read More US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
US says 463,000 Kia SUV owners should park outside pending recall fix
The Korean automaker said Friday it was recalling Telluride sport utility vehicles from the 2020 through 2024 model years over fire risks.
Read More US says 463,000 Kia SUV owners should park outside pending recall fix