Wall Street: Adobe shares soar 16% on higher annual revenue forecast
Adobe shares soared 16 per cent on Friday after the company raised its annual revenue forecast on higher demand for its artificial intelligence-powered software. At 12:24 pm EDT, Adobe shares were at $525.44, higher by $66.70, or 14.54 per cent on the tech-heavy Nasdaq. At $528.81, the Photoshop-maker’s share price touched its highest level since March 14. Earnings and forecast … Read more