Articles Tagged: fed

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Adobe Q3 Beat and Raised Guidance — Is AI-Driven ARR the New Growth Engine for ADBE?

Adobe delivered a clean fiscal Q3 beat on revenue and EPS, raised Q4 guidance, and highlighted accelerating AI influence on its subscription base. Revenue grew 11% year over year to $5.99 billion versus $5.91 billion expected, and adjusted EPS of $5.31 topped the $5.18 consensus. Management also lifted its full-year Digital Media annualized revenue growth outlook to 11.3% from 11.0% and disclosed that AI-influenced ARR has surpassed $5 billion—already ahead of the company’s full-year AI-first ending ARR target. Despite improved execution, the stock has lagged year to date. With shares recently around $348 and well below the 52-week high, investors are asking whether AI-influenced ARR can become a durable multi-quarter growth engine rather than a one-off catalyst.

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AI Wars in the Cloud: How Microsoft, Amazon and Google Are Repricing the Market’s Next Profit Cycle

Big Tech’s AI-and-cloud arms race is setting the tone for equity leadership as late summer trading unfolds. Microsoft, Amazon and Alphabet anchor enterprise AI budgets and control hyperscale infrastructure that Europe increasingly relies on—elevating both return potential and regulatory scrutiny. As of Monday’s session, the market tone is constructive: the S&P 500 (SPY) trades near 644.32 and the Nasdaq-100 (QQQ) around 572.23, with gold (GLD) near 310.53 and long-duration Treasuries (TLT) around 87.00, per Yahoo Finance. The Treasury curve has re-steepened at the long end even as policy remains tight: 3-month ~4.27%, 2-year ~3.68%, 10-year ~4.26%, and 30-year ~4.88% (U.S. Treasury), implying a positive 10s–2s spread of roughly +58 bps. With the effective fed funds rate steady at 4.33% and unemployment at 4.2% (FRED), investors are rewarding earnings durability, operating leverage, and clear AI monetization paths.

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