Jim Cramer touts Adobe's place in AI race — plus, his latest thoughts on bank stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 80%
  • Publisher: 72%

Enterprise News

Technology,Breaking News: Technology,Palo Alto Networks Inc

CNBC's Jim Cramer discussed the stock moves in Adobe, Twilio, Zscaler, Nucor and Bank of America.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Adobe : Shares jumped after the software maker reported a strong quarter alongside a raised full-year guidance. "They've got a low end product finally that can blunt Canva," Jim Cramer said, adding that its highest-end generative artificial intelligence products are formidable and winning out. Twilio : Shares dropped more than 2.

While there's a flood of infrastructure spending dollars in the U.S., "you can't beat the commercial real estate and auto markets that so much of their steel goes into," Cramer said. Zscaler : JPMorgan upgraded the cloud security company to a buy-equivalent rating. Shares were higher by more than 1.5%. "Still the strongest area is cybersecurity," Cramer said, echoing a belief that increased digital threats makes the industry an attractive place to be invested.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines