Ring-a-ding-ding! That's the sound of the closing bell, bringing an end to another trading session that saw gains across the major market indexes.look back on the day's market action and report on the latest earnings results in this episode of Market Domination Overtime.fiscal third quarter earnings after the market close
We've been talking about the strength that we have been seeing in technology over the course of the day. Uh But then we've got the magnificent seven that are up quite a bit here today, NVIDIA continuing its run meta continuing its run as well.So really uh quite a number of large cap tech movers to point to today, Josh.
Yes, we've been focused on that for, for however many years now, maximum, we can kind of put that aside because it was fine.But, you know, when you talk about it still a 4.2 unemployment rate is not terrible.So you're still getting a, that's not telling me that labor is falling off a cliff. Um, and then of course, you know, the, the election is there, but I really don't think that, that that's been a huge market factor so far.
And so you've got this double whammy where every dip is, becomes a buying opportunity, at least for now and then every rally becomes a chase momentum opportunity. I mean, you see uh uh the CEO sha or talking about record Q three performance, talking about relentless innovation, commitment to delivering value to our customers, talks about uh groundbreaking advancements in A I across the portfolio, meaning creative cloud, document cloud experience cloud.
We don't know that you know, are you replacing some of your lowest level employees with much more expensive people to monitor and, and install the technology?I'm not gonna, I'm not gonna dismiss it, but this is normal where, you know, you get the enthusiasm but then there's the implementation and that's a problem.
Adobe shares under pressure here despite a beat on the top and bottom lines in the third quarter revenue guidance though for the fourth quarter, that does Miss Wall Street's expectations and for more on Adobe's third quarter results, let's get the third Bridge analyst Charlie Minor.Uh Give me your immediate take on on the report, Charlie, your reaction.Uh You have to check every box to see that to see that number tick up after hours.
Yeah, I mean of the companies that I cover no one is getting better A I reviews than Adobe right now.Uh It's one of these categories where the use case for generative A I is very tangible.Uh They put out a demo yesterday yesterday of their new video A I model that looks very much like SORA except you're gonna be able to use it within these enterprise workflows.
But they're one of these companies where it's not super speculative and I actually expect these ad revenues to be tangible and material in the coming quarter. Um And it's one of the reasons that it's more tangible to be able to break it out like that where it might not necessarily be part of a bundle.And it's really hard for a sales force or a Microsoft to do that.Going back to that question though.They differentiated from Canva?But how deep is that moat and how quickly can those competitors close the gap?Here they have their designer tool and they're sinking more money into A I than anyone if they decide that this is a priority.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »