Adobe Shares Drop As Investors Await AI Revenue Amid Rising Competition

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Adobe Shares Drop as Investors Await AI Revenue Amid Rising Competition. 📉 Adobe shares fell after its fiscal fourth-quarter outlook missed expectations, raising concerns about the company's ability to generate revenue from new AI tools. Investors remain impatient for returns on Adobe's AI innovations, particularly as competition from startups like Canva intensifies. Yahoo Finance reports.

🧠 InfraMind: Nvidia, OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers. CNBC reports.

🚅 SiemensVelocity: Siemens investing $60 million on high-speed train plant in upstate New York. Reuters reports.

💵 Altitude: Delta sees annual profit trending higher despite tech outage. Yahoo Finance reports.

🔄 MicrosoftMoves: Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief. CNBC reports.

⚙️ ElectraGM: GM in talks to buy EV batteries built with Chinese tech in US. Yahoo Finance reports.

🔐 CyberFort: Mastercard buying global threat intelligence company Recorded Future for $2.65 billion. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $TNON: Tenon Medical
Total gain: +354.54%

2. $VMAR: Vision Marine
Total gain: +119.33%

3. $SMX: SMX (Security Matters)
Total gain: +62.85%

4. $OMIC: Singular Genomics
Total gain: +54.69%

5. $IMRX: Immuneering
Total gain: +33.56%

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The closing price of the top three market percent gainers trading near or above $3 on September 12.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $EGIO: Edgio
Total gain: +106.68%
The stock appeared to be moving on no notable news.

2. $GV: Visionary Holding
Total gain: +99.52%
The company has officially signed a Memorandum of Understanding with the world's largest sovereign wealth fund, the Public Investment Fund of Saudi Arabia. This partnership has strengthened their relationship, with the Public Investment Fund investing USD 120 million to fully support the development of Visionary's diverse industry projects. Benzinga reports.

3. $OBLG: Oblong
Total gain: +89.38%
The company announced that it has received formal notice from The Nasdaq Stock Market LLC confirming that it has regained compliance with Nasdaq's minimum bid price requirement, as outlined in Nasdaq Listing Rule 5550(a)(2). This comes after the company's stock traded above $1.00 per share for 10 consecutive business days. As a result, Nasdaq has advised that the matter is now closed. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

SLQT: SelectQuote
4Q 2024
Before Market Close
Estimate: -0.150
Actual: -0.180

CMCM: Cheetah Mobile
2Q 2024
Before Market Close
Estimate: N/A
Actual: -0.510

NB: NioCorp Developments
4Q 2024
Before Market Close
Estimate: N/A
Actual: N/A

Time (ET) / Report / Period

8:30 am - Import price index - August
8:30 am - Import price index minus fuel - August
8:30 am - Consumer sentiment (prelim) - September

“There's a company behind every stock, and earnings are the key to determining whether a stock's price will go up or down.”

― Peter LynchSourced in:
“One up on Wall Street: How to use what you already know to make money in
the market”, by Peter Lynch, published in 1989