Why Adobe Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Adobe Inc. (NASDAQ:ADBE) shares are trading higher as tech and AI-related stocks gain ahead of NVIDIA's earnings report. The anticipation of NVIDIA's second-quarter earnings report is driving markets higher, specifically tech and AI-related stocks. Shares of ADBE were up 2.81% at $534.10 at the time of publication.
August 23, 2023 | 8:07 pm
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Adobe Inc.'s stock is trading higher due to the anticipation of NVIDIA's earnings report, which is driving up tech and AI-related stocks.
The anticipation of NVIDIA's earnings report is causing a rise in tech and AI-related stocks, including Adobe Inc. This is likely due to the potential impact of NVIDIA's report on the tech and AI sectors, which Adobe is a part of. Therefore, the rise in Adobe's stock price is directly related to this anticipation.
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