Wall Street: Adobe shares soar 16% on higher annual revenue forecast

Estimated read time 3 min read

Adobe shares soared 16Ā per centĀ on Friday after the company raised its annual revenue forecast on higherĀ demand for its artificial intelligence-powered software.

At 12:24 pm EDT,Ā Adobe shares were Ā at $525.44, higher by $66.70, or 14.54 per centĀ on the tech-heavy Nasdaq.

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Published: 14 Jun 2024, 10:09 PM IST

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