Previous close | 362.88 |
Open | 364.63 |
Bid | 374.31 x 800 |
Ask | 375.50 x 900 |
Day's range | 362.92 - 376.39 |
52-week range | 274.73 - 473.49 |
Volume | |
Avg. volume | 2,968,408 |
Market cap | 171.608B |
Beta (5Y monthly) | 1.27 |
PE ratio (TTM) | 36.44 |
EPS (TTM) | 10.27 |
Earnings date | 14 Jun 2023 - 19 Jun 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 24 Mar 2005 |
1y target est | 394.93 |
Adobe is getting into the generative AI era with its new Firefly platform.
LAS VEGAS, March 21, 2023--Today, Adobe (Nasdaq:ADBE) and NVIDIA, longstanding R&D partners, announced a new partnership to unlock the power of generative AI to further advance creative workflows. Adobe and NVIDIA will co-develop a new generation of advanced generative AI models with a focus on deep integration into applications the world’s leading creators and marketers use.
The company, known for its popular photo-editing program, Adobe Photoshop, reported revenue of $4.66 billion for the period ending March 3, which came in slightly better than analyst expectations of $4.62 billion. Its adjusted earnings per share totaled $3.80 was also higher than projections of $3.68.